The February meeting of the MPC, which was the first chaired by Malhotra, reduced the policy repo rate — after five years — by 25 basis points (bps) to 6.25 per cent.

The official interest rate is the repo rate. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis. The South ...

Besides unanimously voting for repo rate cut from 6.50 per cent to 6.25 per cent (the first revision in the rate after it was kept unchanged for two years) with effect from February 7, the members ...

Shares of metal companies surged after the first MPC under RBI's new Governor Sanjay Malhotra cut the central bank's repo rate by 25 basis points to 6.25 percent on February 7. The Nifty Metal ...