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India’s central bank cuts policy rate by 25 basis points to 6% to boost slowing growth

  • India's central bank, the Reserve Bank of India , has cut its policy rate by 25 basis points to 6% to stimulate growth, according to Governor Sanjay Malhotra during the monetary policy meeting.
  • This rate cut can lead to lower home loan interest rates, which may fall below 8%, benefiting borrowers across the country.
  • The RBI's previous rate cut marked the first decrease in almost five years, driven in part by lower-than-expected inflation and declining oil prices, as reported in the latest economic assessments.
  • India's economy grew by 6.5% last year, but Goldman Sachs has reduced its growth forecast to 6.1% from 6.3%, indicating ongoing economic challenges.
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U.S. News broke the news in New York, United States on Wednesday, April 9, 2025.
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