New RBI guv Malhotra to announce rate decision on Fri; 25-bps reduction expected

The new RBI Governor, Sanjay Malhotra, is expected to announce a 25 basis points rate cut, reducing the repo rate to 6.25%. This comes after nearly five years of no cuts and in response to moderating food inflation and stable financial conditions. Opinions vary, but most industry experts predict this move to support economic growth and ease monetary conditions.