Repo rate cut to 5.25% from 5.5%
- Marginal Lending Facility Rate lowered by 25bps to 5.50%
- Standing Deposit Facility Rate to 5.00%
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
