RBI Raises Repo Rate by 25 Basis Points, Signals Further Hikes
The RBI also shifted its stance, guiding that further rate hikes are ahead.
The RBI increased the repo rate by 25 basis points (bps), in line with broad expectations. It also shifted its stance, indicating that more hikes lie ahead, surprising some observers. The policy highlighted rising inflation and the need to address it amid healthy economic growth, but the supplied section ends mid-sentence.