India Set For First Repo Rate Hike in Almost Four Years: Report

The Reserve Bank of India is poised to raise interest rates for the first time in nearly four years on Wednesday as rising inflation and a rupee near record lows force policymakers to shift gears.A hike would put the RBI alongside Asian peers that have already begun tightening and mark the first such move under Governor Sanjay Malhotra, who took office in December 2024 and oversaw a series of cuts last year. Of the 41 economists surveyed by Bloomberg, 35 expect the six-member Monetary Policy Committee to raise the benchmark repurchase rate by a quarter point to 5.50 per cent, with the remainder predicting no change.