New Delhi, April 12 -- The Reserve Bank of India (RBI) cut its growth projections for three quarters of 2025-26 amid global uncertainties related to trade tariffs. Meanwhile, unemployment rose marginally in 2024, and several countries got a breather after US President Donald Trump temporarily paused the reciprocal tariffs announced last week.

The RBI has cut its GDP growth projection for the current financial year by 20 basis points to 6.5% amid escalating global trade tensions and the imposition of tariffs by the US. Growth forecasts were cut for three of the four quarters.

While cutting the policy repo rate by 25 basis points, the RBI noted that while domestic factors such as sustained demand from rural areas and an anticipated reviva...