Repo rate cut to 5.25% from 5.5%

Governor Malhotra of the RBI says the vote to cut was unanimous:

  • maintains neutral stance
  • banking system further consolidated
  • since the October policy meeting, the economy has witnessed rapid disinflation
  • it's a rare goldilocks period for the Indian economy
  • geopolitical and trade environment weigh on outlook

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The RBI press conference is due at midday Mumbai time:

  • 0600 GMT / 0100 US Eastern time
Source: Investing Live