RBI's Monetary Policy Committee cut the repo rate by 50 bps to 5.50%. The panel has also changed its stance from 'Accommodative' to 'Neutral'. It revised the inflation outlook for FY26 downwards to 3.7%, from 4% and announced a reduction in the cash reserve ratio by 100 bps. It kept the real GDP growth forecast unchanged at 6.5% for FY26.