RBI Announces Highlights of First Bi-monthly Monetary Policy for FY 2025-26. Banking & Finance | Dated: 12 Apr 2025 The Reserve Bank of India (RBI) conducted its 54th meeting of the Monetary Policy Committee (MPC) from April 7 to 9, 2025, under the chairmanship of Shri Sanjay Malhotra, Governor of RBI. 🎯 Key Highlights: - The meeting was attended by MPC members including Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Rajiv Ranjan, and Shri M. Rajeshwar Rao. - The Gross Domestic Product (GDP) growth projection for FY 2025-26 (FY26) was retained at 6.5%, matching the estimate for FY 2024-25. 💡 Other Important Facts: (i) The MPC unanimously decided to reduce the policy repo rate by 25 basis points (bps) to 6.00%, effective immediately. (ii) The Standing Deposit Facility (SDF) rate under the Liquidity Adjustment Facility (LAF) was revised to 5.75%. (iii) The Marginal Standing Facility (MSF) rate and the Bank Rate were both set at 6.25%. 📚 Test Your Knowledge: What is the new policy repo rate set by the RBI as per the recent monetary policy announcement? Correct Answer: 6.00% 🚀 Quick Recap: About RBI Governor : Sanjay Malhotra Headquarter : Mumbai