RBI raises repo rate by 25 bps to 5.50% as per market expectations
AI Summary
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, in line with market expectations. The increase begins a rate-hiking cycle amid rising inflation pressures.
Mumbai: The Reserve Bank of India on Wednesday raised its policy repo rate by 25 basis points to 5.50 per cent, beginning a rate-hike cycle as rising...