Since February 2025, the RBI has reduced the policy rate by 125 basis points. In its previous policy review in December, it had trimmed the repo rate by 25 basis points to 5.25%
The interim pact will open a USD 30 trillion market for Indian exporters, especially MSMEs, farmers and fishermen as the US duties on Indian goods will come down to 18 per cent from 50 per cent earlier