The Reserve Bank of India (RBI) cut its key repo rate by 25 bps to 6% at its April meeting, marking consecutive rate cuts. The decision, aligned with market expectations, brought borrowing costs to their lowest level since November 2022. The RBI also slightly lowered its FY2025/26 GDP growth forecast to 6.5% from 6.7%, and revised its inflation estimate to 4% from 4.2%, within the target range of 2–6%.