<h1>Reserve Bank Cuts Repo Rate by 25 Basis Points Amid Global Slowdown; GDP Growth Revised to 7.0% for 2018-19.</h1> The Monetary Policy Committee (MPC) of the Reserve Bank decided to reduce the policy repo rate by 25 basis points and maintain a neutral monetary policy stance. The global economic slowdown, low inflation, and mixed domestic economic indicators influenced this decision. India's GDP growth for 2018-19 was revised to 7.0%, with projections for 2019-20 at 7.2%. Inflation forecasts were adjusted, with CPI inflation expected to range from 2.4% to 3.8% over the next year. The Reserve Bank announced several regulatory measures, including enhancing liquidity coverage, developing housing finance securitization, and improving the secondary market for corporate loans.