RBI reduces repo rate by 25 basis points at 6.00%,
RBI Governor Sanjay Malhotra announces

RBI changes stance to ‘Accommodative’ from ‘Neutral.’
Our stance provides policy rate guidance without any direct guidance on liquidity management says RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra says, ” The MPC (Monetary Policy Committee) voted unanimously to reduce the policy repo rate by 25 basis points to 6 % per cent with immediate effect.”

‘India a growth powerhouse in a tariff-torn world’

Sensex declines over 400 pts, Nifty below 22,400; DRL drops 4%, Infosys 3%

India open to zero duty on imports from US in PLI, some other sectors