India's central bank is set to cut rates for a second time on Wednesday as risks to growth rise in the aftermath of U.S. import tariffs, with investors closely monitoring its commentary and a potential change in stance for future policy clues.

(Reuters) - The Reserve Bank of India cut its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance to "accommodative" from "neutral" to boost the sluggish economy, which is facing further pressure from U.S. tariffs.

MUMBAI -- The Reserve Bank of India on Wednesday cut its key policy rate for a second consecutive time, opting to support economic growth as cooling inflation provided room for dovish actions, and as further pain from U.S. tariffs loomed.