RBI not done yet with rate cuts, Sanjay Malhotra hints at more

RBI Monetary Policy Repo Rate: RBI Governor Sanjay Malhotra hinted at a potential rate cut following two consecutive reductions, shifting the monetary stance to 'accommodative' to boost economic activity. The move aims to provide relief to borrowers with lower EMIs, with the next policy announcement scheduled for June 6. System liquidity has improved, moving from deficit to surplus due to RBI's liquidity-boosting measures.