The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday, a third consecutive reduction, and slashed the reserve ratio for banks as muted inflation provided space for policymakers to focus on supporting economic growth.

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 country's outlook."This changed growth inflation dynamics calls for not only continuing with the policy easing,

India’s central bank delivered a larger-than-expected rate cut, as sound economic conditions at home and tariff risks abroad make a case for more policy easing.