Experts lauded the RBI's 50 bps repo rate cut and CRR reduction as growth-oriented and borrower-centric, boosting economic activity and lowering borrowing costs.

Repo rate cut is expected to lower EMIs for home loan borrowers, providing significant relief, while also likely reducing fixed deposit returns for investors

The meeting was held in the backdrop of the promising start of the monsoon season in India, even as the global scenario continues to remain uncertain, Malhotra stated.