Third consecutive repo rate cut expected, RBI Governor to make announcement shortly.... Governor Sanjay Malhotra is expected to announce a repo rate cut of 25 bps today. RBI Governor Sanjay Malhotra is expected to announce a slash in repo rates today, for the third consecutive time, by 25 basis points (bps). The slash in repo rate is expected to support growth as inflation continues to remain below the 4 per cent target. A consensus among economists predicts that the RBI MCP will announce the new repo rate as 5.75 per cent. In the last MPC meeting held on April 7, 8, and 9, the RBI had already reduced the repo rate by 25 basis points, bringing it down from 6.25 per cent to 6 per cent. if RBI cut rate 0.50% then nifty will be rocket from 24620 to 25000.

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