The Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points, bringing it down to 6%. RBI Governor Sanjay Malhotra announced that the monetary policy stance has shifted from “neutral” to “accommodative.” He noted that recent trade tariff measures have heightened global economic uncertainties, creating fresh challenges for growth and inflation worldwide.
This marks the RBI’s second consecutive rate cut, following its first reduction in five years during the February policy meeting.
As a result, home loan interest rates are expected to decrease further, according to reports.
Meanwhile, the central bank has revised India's GDP growth forecast for FY26 down to 6.5%, compared to the earlier projection of 6.7%.
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