RBI Raises Repo Rate by 25 Basis Points to 5.5%
The Reserve Bank of India increased the repo rate by 25 basis points to 5.5% due to persistent inflationary pressures and stronger-than-expected economic growth. The Monetary Policy Committee believes this hike will help control inflation without significantly affecting GDP growth. The Indian economy remains robust with growth spread across multiple sectors, and the committee expects continued economic resilience.
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