RBI cuts policy rate to 6.25%, 1st time in 5 years

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RBI cuts key repo rate — rate at which it lends to other banks—by 25 bps to 6.25%

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Move aimed at boosting economy which has slowed to its lowest pace since pandemic

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Last reduction was in May 2020; last hike in Feb 2023 when it was raised by 25 bps to 6.5%

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Rate increase cycle was paused in April 2023 after six consecutive hikes

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All six Monetary Policy Committee members were on same page

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FM Nirmala Sitharaman in Budget 2025-26 provided biggest-ever tax break to boost consumption

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Central bank projects inflation for: FY25 at 4.8% FY26 at 4.2%

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Estimates GDP growth in next fiscal at about 6.7%

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Banks to have exclusive domain name ‘fin.in’ to check cyberfrauds, registration to start in April: RBI Governor Sanjay Malhotra

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