RBI MPC June Meet Live Updates: Guv Malhotra Slashes Repo Rate By 50 bps to 5.50%; Stance Changed To Neutral
RBI MPC June Meet Live: RBI Governor Sanjay Malhotra-led Monetary Policy Committee on June 6 announced a sharper-than-expected 50 basis points cut in the repo rate, bringing it down to 5.5% from 6%. While markets and economists had anticipated a 25 bps cut, this large reduction came as a surprise to support economic growth. The cumulative rate reduction comes to 100 bps cut since February 2025. The MPC also shifted its policy stance from ‘accommodative’ to ‘neutral’ and declared a 100 bps reduction in the Cash Reserve Ratio (CRR) to 3% from 4% earlier which is expected to infusing additional liquidity.This rate cut is great news for borrowers, it means home loan EMIs will become lighter, making it easier for people to afford homes and manage their monthly budgets more comfortably.