RBI Cuts Repo Rate by 50 bps, Further Supports Economic Growth

The Reserve Bank of India (RBI) has lowered its key repo rate by a significant 50 basis points on Friday, marking the third consecutive reduction. This move comes as muted inflation provides policymakers with more room to focus on stimulating economic growth. The RBI’s Monetary Policy Committee (MPC) cumulatively reduced the repo rate by 100 basis points since its February policy review. However, Governor Sanjay Malhotra clarified that space for further support remains limited.