<h1>RBI Board Reviews Economic Conditions, Approves 2025-26 Budget, and Cuts Policy Rate by 25 Basis Points</h1> The Reserve Bank of India's central board convened in Thiruvananthapuram to evaluate the current global and domestic economic conditions and approved the budget for the fiscal year 2025-26. The meeting, chaired by the Governor, included discussions on geopolitical and financial market developments. The board also reviewed RBI's activities for 2024-25. Recently, RBI reduced the policy rate by 25 basis points to 6.25%, marking the first cut since May 2020, after a series of rate hikes totaling 250 basis points since May 2022. The next Monetary Policy Committee meeting is set for early April.