RBI likely to cut repo rate by 50 basis points on June 6, says SBI

State Bank of India anticipates a significant 50 bps repo rate cut by the RBI in its June 6 policy meeting, potentially triggering a credit cycle revival. Surplus liquidity has already led to reduced deposit rates. Diminished concerns over liquidity and financial stability, coupled with a projected 3.5% CPI inflation for FY26, support prioritizing economic growth through monetary policy.