RBI Raises Policy Rate by 25 Basis Points to 5.5%

The Reserve Bank of India's Monetary Policy Committee increased the policy rate by 25 basis points to 5.5%, starting a new cycle of monetary tightening amid volatile international markets. This move will raise borrowing costs for corporate and retail loans, including mortgages. The RBI signaled further rate hikes ahead to balance external turbulence with domestic economic resilience, shifting its stance to calibrated tightening from neutral.

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