The Reserve Bank of India’s (RBI) minutes from the April policy meeting hint at a possible third repo rate reduction in June. This decision is influenced by the easing of inflation and the slow pace of economic expansion. The Monetary Policy Committee (MPC) has transitioned to an ‘accommodative’ position, indicating a inclination towards reducing interest rates to stimulate personal spending and business investments. There is a general expectation in the market for additional monetary loosening measures to be implemented later in the year.