The repo rate was reduced by 25 bps in the Feb policy ... This has affected the MCLR, which is calculated using a formula based on the marginal cost of funds. If the deposit rate does not come ...

In February 2025, the repo rate was cut by 25 bps to 6.25 per cent. Ind-Ra expects the headline retail inflation in March quarter of FY25 to fall below 4 per cent, after a gap of 21 quarters.