The RBI has cut the repo rate by 25 basis points to 6%, offering relief to borrowers with likely reductions in loan EMIs.

The Reserve Bank of India (RBI) governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is meeting this week to deliberate on repo rate, liquidity conditions in the economy, CPI inflation and GDP growth outlook for the Indian economy.

Mumbai: After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral',