India raises repo rate by 25 bps in first hike
The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5 percent amid rising inflation and strong economic growth. The central bank shifted its policy stance to calibrated tightening, signaling potential further increases.
Xurve View
Insights:
Xurve View
India raised its benchmark repo rate by 25 basis points to 5.5% on Wednesday afternoon, marking its first hike in nearly four years. The central bank shifted its policy stance to calibrated tightening amid mounting inflation and strong economic growth. The move aligns with global rate increases driven by energy shocks from Iran and weather disruptions.
