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Below the Perspective on RBI MPC announcement by  Dr. Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital 

"The challenging global economic situation resulting from Trump Tariffs is likely to result in global economic slowdown. While India's economy is insulated to a large extent from global economy, it is bound to be impacted by the global slowdown, albeit to a lesser extent, compared to other more export-oriented economies. Under these circumstances RBI's rate cut is supportive of domestic growth and is welcome. Since the global challenges could last for several quarters to years, continued growth-supportive policy stance is expected in the near future from RBI. Reduced domestic interest rates put pressure on the INR towards depreciation. However, given that the crude oil prices are also crashing on the back of expected global slowdown, a depreciating INR would not be that much of a concern from oil imports point of view, but would actually be helpful in exports given the increased competitiveness required due to the tariffs."

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