After slashing Repo rate by 50 basis points to 5.50 per cent on Friday, Reserve Bank Governor Sanjay Malhotra indicated that more rate cuts will depend on incoming data on inflation and growth parameters, hinting at the possibility of a pause on the interest rate front. “After having reduced the policy repo rate by 100 bps in quick succession since February 2025, under the current circumstances, monetary policy is left with very limited space to support growth,” Malhotra said while unveiling the monetary policy.