Mumbai, June 20 -- Reserve Bank of India Governor Sanjay Malhotra said the central bank's cumulative 100 basis points (bps) cut in both the repo rate and Cash Reserve Ratio (CRR) since February will help stabilise the Indian economy amid global volatility and provide momentum for growth.

At its June review, the RBI reduced the repo rate by 50 bps to 5.5 percent-its second consecutive rate cut following a similar move in February.

The rate cuts came against the backdrop of faster-than-expected disinflation, with retail inflation in April slipping to 3.2 percent-the lowest in nearly six years.

This provided the RBI greater flexibility to shift its focus toward growth.

For FY26, the headline inflation rate is projected to average 3.7 per...