New Delhi, April 11 -- In a move widely anticipated by analysts, the Reserve Bank of India (RBI) this week cut the policy repo rate by 25 basis points to 6% and shifted its monetary policy stance from 'neutral' to 'accommodative.'

The decision, unanimously endorsed by the Monetary Policy Committee (MPC)-for the second time in a row this year-comes amid a complex global economic environment marked by rising trade tensions and persistent geopolitical volatility. It also reflects a broader global trend, where countries have gradually shifted away from monetary tightening towards rate cuts, albeit cautiously.

Interestingly, during the six MPC meetings held in the calendar year 2024, the panel had chosen to keep the repo rate unchanged at 6....