India cuts rates more than expected to boost economy
🇮🇳 RBI Slashes Rates to Boost Economic Growth On June 6, 2025, the RBI reduced its benchmark repo rate by 50 basis points, bringing it down to 5.5%. This marks the third consecutive rate cut this year, totaling a 1% reduction. Additionally, the central bank lowered the cash reserve ratio (CRR) by 100 basis points…