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CHEER FOR RETAIL BORROWERS
RBI Cuts Rate by 25 bps 
Turns  Accommodative 
-1111141 Central Bank Speak
RATE FORECAST    
As per
Inflation	
Feb policy
As per
Growth Feb policy
FY26
4 0
4 2
  6 5

6 7
Q1
3 6
4 5
6 5
6 7
Q2
3 9
4 0
6 7
7
Q3
3 8
3 8
6 6
6 5
Q4
4 4
4 2
6 3
6 5
Q HOW MUCH MORE CAN RBI LOWER RATES   
I am Sanjay  but I am not Sanjay of  
Mahabharat to be able to foresee
that far  I do not have that divine  
vision  But we will jointly try to  
manage growth and inflation  
SANJAY MALHOTRARBIgur
Snips fiscal s growth  
outlook citing events  
snowballing around  
US tariffs as a worry
Our Bureau
Mumbai  The Reserve Bank of  
India  RBI  Wednesday lowered  
policy rates by a quarter percen- 
tage point for the second time in  
as many months  surprised the  
markets with a stance switch to  
 accommodative  from  neutral   
to signal an easing bias  and mar- 
ginally reduced the FY26 econo- 
mic expansion forecast on con- 
cerns that tariffs-triggered global  
challenges could have a dispro- 
portionately adverse impact on  
growth than on prices 
The central bank s rate-setting  
committee unanimously voted to  
lower the policy rate to 6   in line 
with market expectations  paving  
the way for lenders to immediate- 
ly reduce end-user borrowing  
costs for home and car purchases  
  retail loans typically pegged to  
the external benchmark 
Simultaneously  RBI lowered  
this fiscal year s growth and infla- 
tion projections by 20 basis points  
to 6 5  and 4   respectively  follo- 
wing the 26  tariffs - effective
from Wednes- 
day - on Indian  
exports to the  
US 
One basis po-
NEW POLICY	
int is a hund-
RATE SET BY	
redth of a per-
CENTRAL BANK centage point 
 The down- 
ward revision  in growth  essen- 
tially reflects the impact of global  
trade and policy uncertainties    
RBI Governor Sanjay Malhotra  
said  announcing the second suc- 
cessive rate cut after taking char- 
ge last December 
Malhotra said inflation is giving  
 comfort and confidence
Record : 1 / 1
