New Delhi, April 11 -- In response to global trade developments, the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6% on Wednesday and changed its policy stance from "neutral" to "accommodative" to boost economic growth.

However, markets stayed volatile with a negative tone as investors remained cautious. The key trigger for the decline was a fear of rising global trade tensions after the US imposed steep tariffs, including 104% on Chinese imports.

Also read: The MPC's decision was the first scene of a whole new tariff-driven drama

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