Policymakers lower the benchmark repo rate by half a percentage point to 5.5 per cent as fears over inflation ease

The Reserve Bank of India surprised the street with an outsized 50 basis points repo rate cut and changed its stance from 'accommodative' to 'neutral' to signal limited room for future rate cuts

The lone economist who predicted the Reserve Bank of India’s out-sized interest rate cut on Friday expects another smaller reduction before the central bank hits a pause.