BusinessRBI Raises Policy Rates by 25 bps to 5.5%, Revises Growth and Inflation Forecasts
The Reserve Bank of India increased key policy rates by 25 basis points to 5.5%, the first hike in nearly four years, citing inflation risks from higher crude prices and weak agricultural output. The repo rate rose from 5.25% to 5.5%, with SDF at 5.25% and MSF and bank rates at 5.75%. The MPC shifted to a "calibrated tightening" stance, ruling out near-term rate cuts.
Deccan Herald··New Delhi




