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RBI Poised to Cut Rates as India Eyes Takeoff
Hindustan Times Jammu
|June 02, 2025
As India enters a new fiscal year marked by evolving global complexities and domestic resilience, the monetary policy focus is likely to continue towards supporting growth, without compromising price stability.
The Reserve Bank of India (RBI) is expected to deliver another 25 basis points (bps) repo rate cut in its June 6 policy meeting, bringing the rate down to 5.75% and marking the third consecutive cut since February 2025, signaling a proactive approach to easing financial conditions with the objective of stimulating credit and investment, while ensuring a durable alignment of the 4% CPI target.
The policy stance turned accommodative in April and is likely to continue as RBI balances near-term cyclical risks with a forward-looking view on India's growth prospects.
The central bank will likely maintain its FY26 growth forecast of 6.5%, while possibly lowering its CPI inflation forecast to 3.8%, from 4.0% earlier. In the April policy, RBI revised both the growth and inflation forecasts lower by 20bps to 6.5% and 4.0%, respectively.
This story is from the June 02, 2025 edition of Hindustan Times Jammu.
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