PoliticsCongress Attacks Modi Over Repo Rate Hike Amid Economic Crisis
The Congress party criticized Prime Minister Narendra Modi on Thursday for the recent increase in the repo rate by the Reserve Bank of India (RBI). Congress accused Modi of ignoring the country's looming economic crisis while celebrating his 25 years of achievements. Congress General Secretary Jairam Ramesh cited a 1961 film song to mock the government. The RBI raised the repo rate by 25 basis points to 5.50%, the first hike since February 2023, signaling no near-term rate cuts amid inflation and currency concerns.
Amar Ujala·



