As the markets await the announcement, the spotlight will be on the new RBI Governor and his stance on the financial scenario.

India's new central bank governor Sanjay Malhotra cut interest rates by 25 basis points to 6.25%, aiming to support a slowing economy. The monetary policy committee's decision disappointed some investors seeking more proactive measures.

The RBI Governor Sanjay Malhotra delivered the first interest rate cut in nearly five years. The RBI MPC reduced the repo rate cut to 6.25% from 6.50%.

This is the first meeting of the panel under the leadership of RBI Governor Sanjay Malhotra, who assumed office in December 2024 following the end of Shaktikanta Das' tenure.

The newly-appointed governor of the RBI, Sanjay Malhotra, with a mostly new Monetary Policy Committee (MPC) to boot, has kicked off his career by making a sharp break with his predecessor Shaktikanta Das who retired in December last year after helming the central bank for six years.

December, is likely to depart from the hawkish approach of his predecessor, Shaktikanta Das, who kept interest rates unchanged for two years as he doggedly chased a 4% inflation target.

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New RBI Governor Sanjay Malhotra, who is chairing his first Monetary Policy Committee (MPC) meeting, will announce the decision of the six-member panel on Friday morning, amid widespread expectations of 25 basis points reduction in interest rate after a gap of nearly five years.

The RBI has reduced the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. Governor Sanjay Malhotra said that inflation is easing, supported by a favourable food price outlook. Food inflation is expected to decline further,

The RBI, under new Governor Sanjay Malhotra, reduced the interest rate for the first time in nearly five years on Friday to support a slowing economy. The 25 basis points cut brings the policy rate down to 6.