Economy
RBI raises repo rate to 5.5% in first hike under Governor Sanjay Malhotra, shifts stance to ‘calibrated tightening’
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The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) raised the benchmark repo rate to 5.5% and shifted its policy stance from 'neutral' to 'calibrated tightening' to control inflation. The RBI also raised its FY27 growth forecast to 7.1%, but flagged concerns over rising inflation risks, leading to a surge in bond yields and a drop in the rupee's value.
Source: Economic TimesRead the full story →