New Delhi, April 9 -- Finance Minister Nirmala Sitharaman said the Indian economy - hit by U.S trade tariffs - will need help from the Reserve Bank of India and the government as she welcomed Wednesday's interest rate cut by the central bank.

The RBI's Monetary Policy Committee cut its repo rate for a second consecutive time by 25 basis points to 6.00% as it seeks to boost a sluggish economy in the face of U.S. President Donald Trump's change in trade policy.

The central bank started lowering rates with a quarter-point reduction in February, its first cut since May 2020.

"I welcome it with a sense of joy," Sitharaman told reporters when asked about the interest rate cut during a trip to London for the 13th UK-India economic and financi...