The former revenue secretary in the Ministry of Finance, Malhotra is expected to announce the cuts to lower interest rates for economy’s growth which is expected to reach a four year low.

The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI), led by governor Sanjay Malhotra, on Friday reduced the policy repo rate by 25 basis points to 6.25 per cent from 6.5 per cent.

To cut the repo rate by 25 basis points to 6.25% unanimously. The standing deposit facility rate, pegged 25 basis points below the repo rate, is at 6.0%. The marginal standing facility rate, which is 25 basis points above the repo rate, is 6.5%.

New RBI Governor Sanjay Malhotra is set to chair his first Monetary Policy Committee (MPC) meeting, with widespread expectations of a 25-basis-point rate cut to 6.25%. The RBI last reduced the repo rate in May 2020,

The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.

In the last MPC meet held in December, the RBI, led by former governor Shaktikanta Das, had decided to keep the repo rates unchanged at 6.5%.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.

The RBI's Monetary Policy Committee cut the repo rate by 25 bps for the first time in nearly five years, maintaining a neutral stance. Governor Sanjay Malhotra noted inflation aligns with targets amid concerns over economic growth and signs of inflation nearing 4 per cent.

The newly-appointed RBI Governor Sanjay Malhotra is anticipated to announce a 25 basis points repo rate cut to 6.25% on February 7. With the slowing economic growth and easing inflation, the Monetary Policy Committee may favor rate reduction to stimulate the economy,