
RBI cuts repo rate by 50 bps to 5.50%, changes policy stance to ‘neutral’
The Reserve Bank of India (RBI) on Friday announced its second bi-monthly monetary policy of FY26. The RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) decided to cut the repo rate by 50 basis points (bps) to 5.50% from 6.00% earlier. This is the central bank’s third consecutive repo rate cut. The MPC also decided…