Under new Governor Sanjay Malhotra, the Reserve Bank of India has reduced the repo rate by 25 basis points to 6.25%, marking the first policy under his leadership and ending a pause that began in February 2023. This decision comes after the RBI’s last rate cut in May 2020, when the repo rate was slashed to 4% to support the economy during the COVID-19 lockdown. Here are all the details.