<h1>RBI Slashes Interest Rates and Cash Reserve Ratio to Boost Economic Growth and Stimulate Domestic Investment</h1> The Reserve Bank of India (RBI) cut interest rates by 50 basis points and reduced the cash reserve ratio by 100 basis points to stimulate economic growth. The central bank shifted its monetary policy stance to 'neutral' while projecting lower inflation and economic growth. The rate cuts aim to boost domestic consumption and investment amid challenging global economic conditions, with the governor emphasizing the importance of balancing price stability and economic growth.