India, April 9 -- The Reserve Bank of India or RBI cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

The cut, the second this year, aims to boost a slowing economy grappling with the impact of Donald Trump's sweeping tariffs.

"The global economic outlook is fast changing," RBI governor Sanjay Malhotra said during his address. "The recent trade tariff-related measures have exacerbated uncertainties clouding the economic outlook across regions, posing new headwinds for global growth and inflation."

The RBI cut the repo rate by 25 basis points to 6% from 6.25% earlier. This is the second consecutive rate...