As the markets await the announcement, the spotlight will be on the new RBI Governor and his stance on the financial scenario.

RBI's new Governor Sanjay Malhotra initiated his term with a 25 basis point repo rate cut, reducing it to 6.25%. This move contrasts sharply with his predecessor Shaktikanta Das' focus on inflation control.

The RBI Governor Sanjay Malhotra delivered the first interest rate cut in nearly five years. The RBI MPC reduced the repo rate cut to 6.25% from 6.50%.