The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points (bps) to 6.0 per cent from 6.25 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 5.75 per cent, and the MSF rate and the Bank Rate to 6.25 per cent.