New Delhi, April 4 -- Citibank expects the Reserve Bank of India (RBI) to implement three additional rate cuts in 2024, totalling 75 basis points, as India's economic outlook weakens due to US-imposed import tariffs.

With this forecast, Citibank aligns with projections from JPMorgan and Nomura, anticipating a cumulative 100 basis points cut this year.

The RBI had already reduced the repo rate by 25 basis points to 6.25 per cent in February-the first cut in nearly five years.

A 27 per cent tariff imposed by the United States on Indian imports could trim India's GDP growth in the 2025-26 financial year by approximately 40 basis points, according to Samiran Chakraborty, Citibank's chief India economist.

"If these tariffs significantly sl...