The market expected a rate cut. Today India’s newly appointed monetary policy committee delivered a 25 bps cut in the repo rate to 6.25%, as RBI governor Urjit Patel presided over his 1st policy review since his appointment last month. This repo cut will definitely ensure rapid growth and give boost to make in India, rapid infrastructure creation etc.
https://www.youtube.com/watch?v=Z4y0XqylCcE&feature=youtu.be
