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India’s central bank beats market expectations to deliver outsized rate cut of 50 points

  • India’s central bank cut its benchmark repo rate by 50 basis points on Friday, lowering it from 6% to 5.5%, marking the third consecutive reduction.
  • The rate cut followed two previous reductions in February and April amid falling inflation, slower growth, and concerns over US tariffs affecting exports.
  • Retail inflation fell to 3.16% in April, the lowest in six years, driven mostly by lower food prices and a promising monsoon forecast supporting rural economy stability.
  • The RBI, under Governor Sanjay Malhotra's leadership, noted that economic growth is not meeting expectations, prompting a rate cut aimed at boosting domestic spending and investment amid ongoing global challenges.
  • Analysts expect the rate cuts, now making borrowing cheaper, to help revive demand, improve household purchasing power, and support a 6.5% growth projection for 2025-26.
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NBC New York broke the news in New York, United States on Friday, June 6, 2025.
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