India's central bank raised interest rates for the first time since 2023
The Reserve Bank of India has increased its benchmark repo rate by 25 basis points to 5.50%. This decision was driven by concerns over rising inflation and higher energy costs.
Why it matters
Interest rate hikes directly impact borrowing costs for consumers and businesses, serving as a primary tool to curb inflation in the Indian economy.
The Reserve Bank of India lifted its benchmark repo rate by…
Also covering this story
4 other newsrooms covered this event. We read each version separately.
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