
RBI MPC meet: Why repo rate was cut by larger-than-expected 50 basis points; RBI governor Sanjay Malhotra explains
The RBI has now cumulatively cut the repo rate by 100 basis points since the start of this year. (AI image) RBI MPC Meet: RBI governor Sanjay Malhotra surprised everyone pleasantly by cutting the repo rate by a larger-than-expected 50 basis points. Experts had widely predicted a 25 basis points rate cut, barring exceptions like…