This also marks a third straight rate cut since February, and comes below the median estimates of 5.75% in a Reuters poll.

India's central bank cut interest rates more than expected on Friday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the

The RBI's 50 basis point repo rate cut to 5.5% aims to stimulate economic growth as inflation eases. This shift may lead to increased investment in stocks and mutual funds, altering traditional saving patterns and enhancing market liquidity.