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( As on 07/02/2025 17:27)

RBI repo rate cut to provide long-awaited relief on interest rates: Experts

The repo rate cut of 25 basis points by the monetary policy committee (MPC) of the RBI will give a long-awaited relief on interest rates and support economic growth, according to experts.

Chief Economist of Crisil Ltd, Dharmakirti Joshi, said that as expected, the MPC of the central bank cut rates for the first time on Friday since May 2020.

The repo rate has been lowered by 25 basis points to 6.25 per cent.