The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) is likely to cut the repo rate — the key policy rate — by 25 basis points (bps) in its upcoming meeting, scheduled from April 7 to 9. The rate setting panel may also change the monetary policy stance from neutral to accommodative — signaling further reductions in the repo rate. The six-member rate-setting panel is meeting amid heightened uncertainty in the global market following the recent announcement of reciprocals tariffs by US President Donald Trump. There are fears that higher tariff rates may lead to inflation, increase in trade tensions and a lower growth in the world economy. While RBI is unlikely to revise the inflation forecast, its outlook on GDP growth in the wake of US tariff announcements will be closely watched, economists said. Story continues below this ad What to expect from the upcoming MPC meeting? The RBI’s MPC is likely to deliver a 25 bps cut in the repo rate for the second consecutive time in the policy which will …