RBI reduced the repo rate by 50 basis points to 5.5%
The RBI’s Monetary Policy Committee (MPC) on June 6, 2025 has reduced the repo rate by 50 basis points to 5.5%. Consequently: The rate cut is expected to lower external benchmark lending rates (EBLR), possibly leading banks to reduce lending rates. RBI Governor Sanjay Malhotra stated that the move aligns with the CPI inflation target…