New RBI Governor Sanjay Malhotra takes measured tone with first rate cut

India's new central bank governor Sanjay Malhotra cut interest rates by 25 basis points to 6.25%, aiming to support a slowing economy. The monetary policy committee's decision disappointed some investors seeking more proactive measures. While inflation eased, growth slowed, with projections of a 6.7% GDP increase. Malhotra emphasized a focus on sustainable inflation alignment and growth support.