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Below the Quote on RBI MPC announcement by Mr. Prashant Pimple Chief Investment Officer - Fixed Income, Baroda BNP Paribas Mutual Fund 

The RBI monetary policy committee unanimously delivered a rate cut of 25bps bringing down the repo rate to 6.25% and the stance continued at neutral. The policy move is in line with our as well as market expectations. The overall tone of the policy was dovish with Economic Growth to have taken precedence over inflation & currency concerns in this monetary policy. RBI’s intent to support growth is visible, while remaining watchful of global headwinds that could pose risk to domestic growth and inflation outlook. RBIs commitment to provide sufficient liquidity to the banking system was reiterated and was encouraging. Additional liquidity measures may be announced outside of MPC.  

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