BusinessRBI Raises Repo Rate by 25 Basis Points to 5.5%
The Reserve Bank of India increased its benchmark repo rate by 25 basis points to 5.5%, marking the first hike in nearly four years amid rising inflation despite strong economic growth. RBI Governor Sanjay Malhotra stated that future policy moves will be limited to rate hikes or pauses. The Monetary Policy Committee unanimously approved the increase during its October 5-7 meeting.
Hindustan Times·




