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    <title>Minutes of the Monetary Policy Committee Meeting, December 3 to 5, 2025 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC unanimously reduced the policy repo rate by 25 basis points to 5.25 per cent, with SDF at 5.00 per cent and MSF/Bank Rate at 5.50 per cent, and decided to continue with a neutral stance. This action was taken after review of macroeconomic projections, surveys of confidence and inflation expectations, and an assessment that headline inflation was materially softer-driven chiefly by broad-based food price declines-while underlying inflation excluding precious metals remained contained; risks were judged to be evenly balanced.</description>
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