The RBI's rate cut move was followed by retail inflation easing to 3.34%, the lowest since August 2019, as per the data released for the month of March.
RBI MPC's change in stance, while mostly symbolic, is also indicative of an easier monetary policy framework.
The Indian stock market bounced back strong on Tuesday, recovering all the ground it lost following Trump’s tariff announcement on April 2.
Every sector was in the green, showing solid buying action across the board.