India Central Bank Hikes Rates for First Time Since 2023
India's central bank has raised interest rates for the first time in over three years. The monetary policy committee voted unanimously to increase its benchmark rate.
India’s central bank raised interest rates for the first time in more than three years as the Middle East conflict kept energy prices elevated, pressured the rupee and fueled inflation fears. The Reserve Bank of India’s monetary policy committee voted unanimously to raise its benchmark re…