Mumbai, June 6 -- Indian Rupee saw good gains against the US dollar today after the Reserve Bank of India (RBI) cut interest rates by half a percent, continuing to witness good support around 86 threshold. RBI has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% amid softening inflation. Local stocks soared following this with the NIFTY50 index zooming up 1% to hit 25K mark. Reserve Bank of India (RBI) Governor Sanjay Malhotra has noted today that with the moderation in trade deficit in Q4:2024-25, alongside strong services exports and remittance receipts, the current account deficit (CAD) for 2024-25 is expected to remain low. INR added 16 paise at 85.64 per US dollar. The dollar index is holding just under 99 m...