RBI announces a 25 bps cut in the repo rate, bringing it down to 6%. Consequently, the Standing Deposit Facility (SDF) rate stands at 5.75%, while the Marginal Standing Facility (MSF) rate and the Bank Rate are adjusted to 6.25%. RBI has also revised its inflation forecast for FY25 down from 4.2%, to 4%, citing a comfortable inflation outlook. A lower repo rate reduces borrowing costs for banks, which can translate into reduced interest rates for businesses and consumers, encouraging credit dema