In a pivotal move to bolster India's economic growth, the Reserve Bank of India (RBI) has slashed the repo rate for the first time in nearly five years, with Governor Sanjay Malhotra cautioning against global financial turbulence.

After nearly five years, the RBI has cut the repo rate, bringing relief to home loan borrowers and expected to ease borrowing costs.

The report predicts that the RBI could cut the repo rate by 25 basis points in its February 2025 policy meeting, with a total reduction of at least 75 basis points over the entire easing cycle