In an important decision to stimulate economic growth, the Reserve Bank of India (RBI) cut the repo rate by 50 bps in June 2025, decreasing from 6.50% to 6.00%. It signaled the central bank’s strong commitment to support domestic demand amid a backdrop of moderating inflation and global uncertainty. This was the largest rate cut in five years. The repo rate plays a crucial role in deciding interest rates across the banking system; it is the rate at which the RBI lends money to commercial banks. It encourages spending and investment because a reduction in this rate typically leads to lower loan EMIs for consumers and reduced borrowing costs for businesses.