The Reserve Bank of India (RBI) lowered its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to boost the sluggish economy in the face of fresh U.

India’s central bank delivered a back-to-back rate cut, signaling more monetary support ahead as U.S. trade tariffs raise alarm about slowing global growth.The Reserve Bank of India’s monetary-policy committee on Wednesday voted unanimously to cut the policy repo rate to 6.

The Reserve Bank of India (RBI) has today lowered its key repo rate for a second consecutive time and changed its monetary policy stance signalling room for more cuts ahead, as it seeks to boost the sluggish economy in the face of fresh US tariffs.