Reserve Bank of India cuts benchmark rate to 6%
RBI hails fall in food inflation, but revises growth forecast down because of US tariffs
The Reserve Bank of India today (April 9) cut its benchmark interest rate by 25 basis points in a unanimous decision to 6% as inflation fell below its target.
It was the bank’s second consecutive rate cut and followed a reduction of the same size in February.
Headline inflation dropped to 3.61% in February, down from 4.31% the previous month, as higher agricultural production led to a drop in food inflation. The RBI said the outlook on food inflation, which fell from 6.02% in January to a 21-month
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