BusinessPhoto: Deccan HeraldRBI Raises Repo Rate to 5.5%, Ends Easy Money Era
On October 7, the Reserve Bank of India’s Monetary Policy Committee unanimously raised the repo rate by 25 basis points to 5.5%, ending its rate-cutting cycle since February 2023. The move responds to rising global crude prices and financial volatility due to the West Asia conflict. The RBI shifted its stance to 'calibrated tightening,' signaling no rate cuts soon. Inflation is forecasted at 5.8%, above the 4% target, while GDP growth is expected at 7.1%.
Deccan Herald·

