India Raises Policy Rate By 25 Bps To 5.5%
The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5%, marking its first increase in nearly four years amid mounting inflation and strong economic growth.
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04:40:34 AM UTC
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INSTANT VIEW – India raises policy rate by 25 bps in first hike in nearly four years
04:43:48 AM UTC
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The Reserve Bank of India raised its benchmark repo rate (INREPO=ECI) by 25 basis points to 5.5% on Wednesday, the first rise in nearly four years, citing mounting inflation concerns and strong economic growth.The six-member Monetary Policy Committee also shifted its policy stance to "calibrated ti…
04:50:27 AM UTC
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The Reserve Bank of India delivered its first rate hike since February 2023 on Wednesday, as widely expected, and adjusted the standing deposit facility (SDF) rate to 5.25%.The six-member Monetary Policy Committee unanimously voted to raise the repo rate (INREPO=ECI) by 25 basis points, adjusting t…
04:56:40 AM UTC
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RBI MPC raises repo rate by 25 bps to 5.5%: What it means for bonds and debt funds, and what investors should do
04:57:34 AM UTC
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The Reserve Bank of India raised its key interest rate for the first time in nearly four years on Wednesday, while keeping the cash reserve ratio unchanged at 3%.All six members of the Monetary Policy Committee voted to raise the repo rate (INREPO=ECI) by 25 basis points to 5.50%, while adjusting t…
5% on Wednesday, in the first increase in nearly four years as inflation builds and economic growth remains strong. India has joined major central banks in raising rates as higher…