#pslv RBI cuts repo rate by 25 basis points to 6.25% Why in the news? ● The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) cut the repo rate, the rate at which the RBI lends to other banks by 25 basis points to 6.25 percent. ● This is the first rate cut initiated by the RBI in five years, the last one being in May 2020. #rbipolicy #reporatecut #indianeconomy #monetarypolicy #interestrates #financialnews #rbimpc #bankingnews #stockmarket #economicgrowth #rbiupdates #financenews #ratecut #inflationcontrol #indianmarkets