“Where it will reach… we really don’t know. I am Sanjay, but I am not Sanjay of Mahabharat to be able to foresee that far. I do not have the divine vision that he had,” he said.He further said, “we will jointly (with the government) try to manage the growth and the inflation dynamics in our country”.Earlier in the day, Malhotra announced repo rate cut for the second consecutive time and signalled more easing ahead as the Reserve Bank of India (RBI) sought to bolster the economy in face of further pressure from damaging US tariffs.Following the rate cut of 25 basis points, the key policy rate eased to 6 per cent.The move lowers borrowing costs to the lowest level since November 2022, amid easing inflation and a fall in oil prices.Malhotra also assured that the RBI will maintain sufficient liquidity for speedier rate cut transmission.We will provide sufficient liquidity for the purposes of monetary policy transmission.
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