This is the first meeting of the panel under the leadership of RBI Governor Sanjay Malhotra, who assumed office in December 2024 following the end of Shaktikanta Das' tenure.

Governor, Sanjay Malhotra, on Friday said that India can definitely clock a growth rate of more than 7 per cent. Speaking at the post-MPC press conference, the governor said that India should aspire to achieve the 7-plus growth rate.

The RBI Governor Sanjay Malhotra delivered the first interest rate cut in nearly five years. The RBI MPC reduced the repo rate cut to 6.25% from 6.50%.