Reserve Bank of India Governor Sanjay Malhotra, in his first Monetary Policy Committee meeting as its chair, announced a 25-basis-point cut in the repo rate to 6.25% while maintaining the ‘neutral’ stance. The decision marks a subtle shift from his predecessor, Shaktikanta Das, who was steadfastly focused on anchoring inflation at 4% before considering any easing.Malhotra, however, signalled a more flexible approach, acknowledging that inflation has moderated and is expected to ease further in the coming year, supported by a favourable food price outlook and the lagged impact of past policy actions.
.png)
