German commercial bank: The Reserve Bank of India may cut the policy repo rate on Friday.

Analysts from the German commercial bank stated in a research report that the Reserve Bank of India may lower its policy repo rate by 25 basis points to 5.75% on Friday. Analysts pointed out that the Reserve Bank of India lowered its growth forecast to 6.5% at its monetary policy meeting in April, citing "exceptional uncertainty". Additionally, India's inflation is under control, with the overall inflation rate in April at 3.2% year-on-year, below the Reserve Bank of India's target of 4%. Analysts added that this provides room for the Reserve Bank of India to cut rates to "buffer against downside risks to economic growth".