5.5% interest rate

Mumbai, June 6, 2025: The Reserve Bank of India (RBI) on Thursday reduced the benchmark repo rate by 50 basis points, bringing it down to 5.5%. The decision, announced after a meeting of the Monetary Policy Committee (MPC), is aimed at reviving economic momentum and easing the burden on borrowers.This marks the first rate cut by the central bank in more than a year and reflects a more accommodative stance in light of cooling inflation and sluggish private sector investment.RBI Governor Sanjay Malhotra stated,“The MPC decided to reduce the policy Repo Rate under the liquidity adjustment facility by 50 basis…