RBI may cut repo rate only in Q3 FY25: SBI economist

The Reserve Bank of India`s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI).The repo rate is the rate at which the RBI lends to commercial banks. Currently, the rate is 6.5 per cent.