BusinessPhoto: Amar BusinessRBI Raises Repo Rate by 0.25% After Four Years Due to Inflation
The Reserve Bank of India's Monetary Policy Committee (MPC) unanimously approved a 0.25% increase in the repo rate, raising it to 5.50% after nearly four years. RBI Governor Sanjay Malhotra stated the move signals a shift towards monetary tightening amid rising inflation and price pressures. The committee warned that interest rate cuts are unlikely soon, with possible further hikes or maintenance of current rates depending on economic conditions.
Amar Business·



