RBI MPC meet: Why repo rate was cut by larger-than-expected 50 basis points; RBI governor Sanjay Malhotra explains

In a surprise move, the RBI slashed the repo rate by 50 basis points to 5.5%, exceeding expectations. This decision, driven by a lower projected inflation rate of 3.7% and a need to boost domestic growth, aims to reduce home loan EMIs and stimulate consumer spending.