*🏛️ RBI cuts repo rate for first time in 5 years 🔻* *The RBI has announced a 25 basis points (bps) cut in the repo rate, bringing it down from 6.5% to 6.25%* _💰 The rate cut aims to boost economic growth by making borrowing cheaper for businesses and consumers, while managing inflation._ *✅ Impact on the Economy* _◻️ *Borrowers:* Lower interest rates mean cheaper loans for homes, cars, and businesses._ _◻️ *Savers:* Returns on savings accounts and fixed deposits may decrease._ _◻️ *Businesses:* Lower borrowing costs can boost expansion and hiring._ *Why It Matters?* _💸 The RBI's repo rate decisions directly affect borrowing costs, spending, and investment in the economy. A rate cut can stimulate growth but must be balanced against inflation risks._