India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases

India’s central bank is likely to cut benchmark interest rates by 25 basis points to 6.25% in its policy meeting as easing inflation allows for economic stimulation, despite the rupee hitting record lows. The move would mark the first rate cut in nearly five years, with traders expecting further cuts in the coming months under new RBI Governor Sanjay Malhotra. The delay in U.S. tariff implementation provides room for the RBI to prioritize domestic growth and reduce policy rates, with a shift to a more accommodative stance anticipated.

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