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RBI raises repo rate by 25 bps to 5.50% and shifts stance to calibrated tightening, while raising FY27 GDP forecast to 7.1% and CPI inflation forecast to 5.2%
The RBI's 25 basis points bps rate hike on October 7 could be the beginning of a fresh tightening cycle, with economists pencilling in at least two more increases this fiscal which will take the repo rate to 6 percent.The Reserve Bank of India’s six-member monetary policy committee raised the repo…
What is even more welcome is the shift in the RBI’s stance. It suggests that the RBI is squarely focussed on dealing with a possible spike in inflation