NEW DELHI, Dec. 6 -- The Reserve Bank of India (RBI) reduced its policy rate on Friday in line with market expectations as benign inflation continues to provide space for monetary policy support to economic growth. The decision came in what governor Sanjay Malhotra described as a "rare Goldilocks" period of 8% growth and 2% inflation. RBI's decision, experts believe, will provide the necessary cushion to future growth as some of its cyclical drivers are expected to ease and fiscal consolidation continues while inflation remains low. RBI also upped its growth projection for 2025-26 to 7.3%. The Monetary Policy Committee (MPC) of the RBI reduced the policy or repo rate by 25 basis points - one basis point is one hundredth of a percentage poin...