In a significant development for the Indian economy, the Reserve Bank of India (RBI) has announced a 0.25% cut in the repo rate. This decision brings the repo rate down to 5.75%, a move aimed at boosting economic growth. The RBI cited slowing global economic activity and the need to support domestic growth as reasons for the rate cut. The reduction in the repo rate is expected to lead to lower lending rates by banks, making borrowing cheaper for businesses and consumers. This move is likely to stimulate investment and spending in key sectors of the economy. The RBI also revised its GDP growth forecast for India to 7% for the current fiscal year, up from the previous estimate of 6.8%. The central bank’s decision to cut the repo rate comes at a time when the Indian economy is facing challenges such as slowing consumption and investment. The rate cut is expected to provide a much-needed boost to the economy and help in reviving growth momentum. Experts believe that the RBI’s proactive stance on monetary policy will play a crucial role in supporting the Indian economy in the face of global uncertainties. With this latest rate cut, the RBI has signaled its commitment to promoting growth while keeping inflation in check. The move is likely to be welcomed by businesses and consumers alike as they stand to benefit from lower borrowing costs.