EconomyIndia’s first rate hike since 2023 signals rising inflation concerns
The Reserve Bank of India raised its repo rate by 25 basis points to 5.5%, its first increase since February 2023, to contain inflation. Governor Sanjay Malhotra said rate cuts were off the table for now, with further hikes or unchanged policy possible. The RBI also lifted its growth forecast for the financial year to 7.1%.
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BBC News★★★☆☆2026-10-07 10:44Original
India’s first rate hike since 2023 signals rising inflation concerns
Economy