India's central bank cut its policy rate by 25 basis points to 6%, marking its lowest level since September 2022 as growth concerns mount in the world's fifth largest economy The rate cut was in line with expectations from analysts polled by Reuters,

India’s central bank delivered a back-to-back rate cut and signaled more monetary support ahead as U.S. trade tariffs raised alarm about slowing global growth.

The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to boost the sluggish economy in the face of fresh U.