RBI breaks streak of repo rate cuts, keeps it unchanged at 5.5%
RBI Governor Sanjay Malhotra announced MPC's decision to keep the repo rate unchanged at 5.5%. This comes after RBI reduced the rate by a massive 50 bps after the June MPC meeting, taking the total rate cut in 2025 to 100 bps. This is the first time since December 2024 that the RBI has decided to keep the rate unchanged.