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    <title>Minutes of the Monetary Policy Committee Meeting, April 7 to 9, 2025 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC, pursuant to the statutory publication requirement under Section 45ZL, unanimously resolved to reduce the policy rate and adjust standing facility rates while changing the monetary policy stance from neutral to accommodative. The minutes link the decision to a benign inflation outlook-driven by a broad seasonal fall in food and softer fuel prices-and the need to support growth amid heightened global trade uncertainty. The record includes individual member statements explaining the judgment, the unanimous vote in favour of the resolution, and the commitment to publish the minutes within the prescribed timeline.</description>
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      <description>The MPC, pursuant to the statutory publication requirement under Section 45ZL, unanimously resolved to reduce the policy rate and adjust standing facility rates while changing the monetary policy stance from neutral to accommodative. The minutes link the decision to a benign inflation outlook-driven by a broad seasonal fall in food and softer fuel prices-and the need to support growth amid heightened global trade uncertainty. The record includes individual member statements explaining the judgment, the unanimous vote in favour of the resolution, and the commitment to publish the minutes within the prescribed timeline.</description>
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