RBI Reserve Bank of India has reduced interest rates by 0.25% amid a spate of downgrades to growth following Donald Trump’s tariff announcements. RBI reduced repo rates from 6.25% to 6%, a second cut since February when rates were brought down after 5 years. The move is expected to lower home and auto loan EMIs, offering some relief to borrowers. RBI reduced the repo rate by 25 basis points to 6.00% on Wednesday. This marks the second consecutive repo rate cut by the central bank, aligning with market expectations and bringing borrowing costs to their lowest level since November 2022.In February 2025, the RBI lowered its key repo rate by 25 basis points to 6.25% for the first time since May 2020.
