Last Updated Apr - 09 - 2025, 02:58 PM | Source : Fela News
On April 9, 2025, RBI slashed the repo rate by 25 basis points to 6% and adopted an 'accommodative' stance to support the economy amid rising global trade tensi
The Monetary Policy Committee( MPC) of the RBI on Wednesday, 9 April 2025, unanimously decided to reduce the repo rate by 25 base points to 6. It has also decided to change its station from “ neutral ” to “ accommodative ”. RBI governor Sanjay Malhotra explained that in the Indian environment, an “ friendly ” policy means that MPC in unborn financial programs will either maintain status quo or reduce the repo rate further.
Repo rate is the rate at which the central bank( RBI) lends plutocrat to marketable banks. Since, the rate at which the plutocrat is being taken has been reduced, banks will have further plutocrat to advance consumers and hence, plutocrat force will rise in the frugality.
The Donald Trump administration has blazoned a 26 tariff on all significances from India along with other countries with varying complementary tariff rates. This might lead to a global trade war and recession in the world frugality and hence to steer the country down from that, RBI has taken this move.
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