India · English
RBI Turns Hawkish Amid Inflation Risks, Hikes Repo Rate To 5.50% As FY27 Growth Forecast Rises To 7.1%
Mumbai: India entered a new monetary phase on Wednesday: growth gathered pace, but money became dearer. RBI raised the repo rate by 25 basis points, from 5.25% to 5.50%, its first hike since February 2023, ending more than three-and-a-half years without an increase. Yet it upgraded FY27 real GDP growth from 6.7% to 7.1%. The six-member Monetary Policy Committee unanimously backed the hike,…
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