India cuts policy rate for the first time in nearly five years, new central bank governor Malhotra says

1. RBI cut its key interest rate by 25 basis points to 6.25%. 2. First rate cut since May 2020; inflation easing may support growth. 3. India's GDP growth forecast lowered to 6.4%, missing previous expectations. 4. Weakness in the rupee could lead to domestic inflation pressures. 5. Consumer price inflation was 5.22% in December, within tolerance limits.