RBI Policy Meeting Live: All eyes on new RBI boss! Will Sanjay Malhotra deliver the big rate cut?

RBI Monetary Policy Meeting LIVE: 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, but began raising it in 2022. Analysts, including DBS Group and BofA Global Research, expect the cut due to moderating inflation and growth concerns. Industry body Assocham also anticipates the cut, citing positive rabi crop prospects. However, some experts believe global conditions may delay the rate cut despite easing inflation.