Highlights of RBI's monetary policy

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....ighlights of RBI's monetary policy<BR>News and Press Release<BR>Dated:- 7-2-2025<BR>PTI<BR>Mumbai, Feb 7 (PTI) Following are the highlights of the bi-monthly monetary policy announced by Governor Sanj....

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....ay Malhotra on Friday: * Repo rate (short-term lending rate) reduced by 25 bps to 6.25 pc; * First rate cut after a gap of 5 years; last reduction was in May 2020; * To continue 'neutral' monetary ....

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....policy stance; * GDP growth for FY'26 projected at 6.7 pc; * Inflation to come down to 4.2 pc in FY'26 from 4.8 pc in FY'25; * Food inflation pressures likely to see significant softening; * Core ....

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....inflation expected to rise but remain moderate; * Banks to have 'bank.in' internet domain name, non-banks 'fin.in'; * RBI says global economic backdrop remains challenging; * Indian economy continu....

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....e to remain strong, resilient; * CAD expected to remain well within sustainable level; * As on Jan 31, India's forex reserves stood at USD 630.6 billion, providing import cover of over 10 months; *....

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.... Next meeting of Monetary Policy Committee scheduled for April 7-9. PTI NKD DRR<BR> News - Press release - PIB....