RBI lowered inflation forecast to 2% from 2.6%; and raised its GDP growth projection to 7.3%, from the previous estimate of 6.8%, for the ongoing fiscal year

The massive trade tariffs imposed by US President Donald Trump on India have “minimal impact on the economy”, according to Reserve Bank of India governor Sanjay Malhotra. He said this in a press interaction after India's central bank on Friday, December 5, cut the benchmark interest rate for the first time in six months.

The six-member monetary policy committee, led by governor Malhotra, voted unanimously to lower the repurchase or repo rate by 25 basis points to 5.25 per cent. This is the fourth rate cut by the RBI since February 2025.

Repo rate is the interest rate at which banks borrow money from the RBI — a lowering of repo rat

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