The Reserve Bank of India (RBI), governor, Sanjay Malhotra, said on Friday, February 07, 2025 that the Monetary Policy Committee (MPC) has decided to cut repo rate by 0.25% to 6.25%. This is the first time in nearly last five years that the central bank has revised the benchmark policy rate. It was in May 2020, that, the apex bank had last cut the rates. Home loan, auto loan to become cheaper Following the repo rate cut, banks are expected to lower interest rates on various types of advances such as auto loan, home loans, etc Economists hail RBI's rate cut decision On the repo rate reduction by 0.25%, Infomerics Ratings, chief economist​, ​​​​​​Manoranjan Sharma, said to news agency, ANI, "It will lead to a lowering of interest rates, will benefit common people, and will provide impetus to GDP growth… In the current macroeconomic setting and the global environment, it's the right policy and the way to go." Find below post regarding the same on the social media handle of ANI on 'X': RBI expects inflation to fall next fiscal Malhotra said that the apex bank projects retail inflation to fall gradually with the start of the next financial year. But also expects it to pick up towards the end. RBI's Inflation Projections For FY26 RBI projects GDP to grow at 6.7% in FY26 While delivering the MPC statement, Malhotra said that the apex bank has projected India's Gross Domestic Product (GDP) at 6.7% in financial year 2025-26 (FY26). RBI's GDP Projections For FY26 Stock market timings to change The new RBI governor said that the apex bank will set up a working group to review trading and settlement timing of regulated markets. This might change trading timings of stock markets in India. Sensex, Nifty buoyant as RBI concludes address After the start of the RBI governor's address, the benchmark stock gauges Sensex and Nifty traded in negative zone. But, after he concluded his statements, the barometres became buoyant. By 11:10 am on Friday, Sensex traded above 78,000 levels. While, NSE Nifty jumped to 23,631 points. Find below the RBI governor's and other policymakers' statements on the state of the Indian economy.Original Article