India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
1. RBI likely to cut repo rate by 25 basis points to 6.25%. 2. This would be the first rate cut since May 2020. 3. Weakening rupee complicates easy monetary policy adjustments. 4. Economists expect sustained accommodative stance in forthcoming meetings. 5. Interest rate cut could indirectly stabilize S&P 500 by improving global investments.