RBI cuts policy repo rate to 5.5%, twice the expected 25 basis points
Cash reserve ratio lowered to 3% in four phases to ease banking funds
₹9.5 trillion infused since January; call rates remain low for smooth rate transmission
RBI signals limited room for more rate cuts after recent easing
Headline inflation falls to 3.2% in April; forecast revised slightly down
MPC holds growth outlook but notes need for measures beyond rate cuts
Repo rate may have reached its floor; future cuts depend on inflation and growth