<h1>RBI cuts repo rate and deploys large bond purchases and forex swaps to lower loan costs and boost growth.</h1> The central bank cut the repo rate by 25 basis points to 5.25% and announced open market purchases of government bonds totaling Rs 1 lakh crore plus a USD 5 billion buy-sell swap to add durable liquidity, ease seasonal pressures, accelerate transmission of lower policy rates to bank lending, lower borrowing costs for home, auto and business loans, and support growth given benign inflation and upgraded GDP forecasts.