Today RBI Reserve Bank of India has reduced the repo rate by 50 basis points to 5.5%. This marks the third consecutive rate cut this year, totaling a 100 basis point reduction since February. Lowered to 5.5% from 6.0%. Cash Reserve Ratio Reduced by 100 basis points to 3%, implemented in four staggered tranches. Shifted from “accommodative” to “neutral,” indicating a more data-dependent approach moving forward.
