BusinessPhoto: News18 BusinessRBI MPC Unanimously Votes for 25-Bps Rate Hike Amid Inflation
The Reserve Bank of India's six-member Monetary Policy Committee unanimously voted for a 25-basis-point repo rate hike to 5.50% on October 7, its first in nearly four years. Rising inflation, broad price pressures, elevated crude oil and food prices, currency depreciation, and strong domestic demand prompted the decision. The MPC also shifted to a calibrated tightening stance, indicating rate cuts are unlikely soon, with future moves being hikes or pauses.
News18 Business·


