MPC meeting: What the economic pundits think about RBI's first rate cut in about 5 years

RBI Governor Sanjay Malhotra announces a 25 basis point cut in the repo rate, lowering it to 6.25%, marking the first reduction in five years. The committee unanimously decided to maintain a neutral stance. Economists believe this move will stimulate economic growth and support the Union Budget's focus on boosting demand, while monitoring liquidity conditions closely.