BusinessRBI Raises Repo Rate to 5.50% with Calibrated Tightening
The Reserve Bank of India increased the policy repo rate by 25 basis points to 5.50% amid rising inflation concerns. RBI Governor Sanjay Malhotra explained the shift to a 'calibrated tightening' stance, indicating future rate hikes or pauses will depend on inflation and growth data. Key terms like 'second-round effects' and 'underlying inflation' were highlighted in the monetary policy statement.
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