Economists expect the Reserve Bank of India to lower its terminal repo rate to 5.25% in 2025, due to falling inflation and stable global risks.Retail inflation in March eased to a six-year low at 3.3%, driven by a sharp drop in vegetable prices.Analysts forecast further rate cuts in the upcoming months, with a consensus for a more dovish stance.Nirmal Bang projects cumulative rate cuts of 100 basis points in 2025, with cuts likely in June and August.