RBI raises repo rate, signaling policy shift
RBI lifted its repo rate, citing a balance between stronger growth and emerging inflationary pressures.
New Delhi, Oct. 7 -- The Reserve Bank of India (RBI) has raised the repo rate by 25 basis points, signalling a shift in its monetary policy approach as the central bank balances stronger economic growth with emerging inflationary pressures. The move is important for investors because higher interes…