By Admin 
Reserve Bank Governor Sanjay Malhotra on Wednesday decided to reduce the repo rate by 25 basis points, saying that global economic uncertainty remains due to Trump’s tariff. He said lightly that "I am Sanjay, but not Sanjay of Mahabharata …"& nbsp;
This is the second time this year when the RBI has changed its policy rates. The RBI Governor said in his statement that the adjustment -related stance means that the Central Bank should maintain the status quo or reduce the rape rate in the upcoming monetary review policy.
On the question of whether more relief can be announced by RBI in the coming days, in view of the global conditions, in response, he said that this is a joint effort. You know how much discount has been given. The government has made all efforts on its behalf.
RBI Governor further said that many steps have been taken in the budget you have seen recently, whether it is about tax exemption or personal income tax.
He further said, "We have reduced the repo rate. We have changed our stance, this means that there has been a decrease in the direction of the policy regarding the repo rate. Now we do not know where it will go. I am Sanjay, but not Sanjay of Mahabharata who can see so far. We do not have vision like them."
RBI has reduced the estimate of GDP growth from 6.7% to 6.5% for the Indian economy in the financial year 2025-26. The central bank also warned, citing uncertainties arising from tariff war. He said that recently the move related to tariffs has created fear of economic uncertainty and inflation worldwide. The RBI Governor further said that monetary policy will be looking at domestic growth so that the speed can be helped, as well as be careful on the inflation front.