BusinessRBI Raises Repo Rate to 5.5%, Shifts to Calibrated Tightening
The Reserve Bank of India's Monetary Policy Committee unanimously increased the repo rate by 25 basis points to 5.5 percent on Wednesday. This marks the first rate hike since February 2023. Alongside the rate change, the RBI shifted its policy stance from 'neutral' to 'calibrated tightening' to address economic conditions.
Moneycontrol.com·



