Monetary Policy
Asia
AI-generated 23h
RBI Signals Calibrated Tightening Stance
India's central bank unanimously voted to raise the repo rate 25 basis points to 5.5% with revised policy stance shifting to calibrated tightening from neutral. Real GDP growth for FY27 was projected at 7.1% amid persisting inflation from geopolitical tensions. The policy change aimed to balance growth and price stability.
The Hindu · NDTV
Asia
AI-generated 23h
RBI Raises Rates, Markets React Mixed
The Reserve Bank of India increased the repo rate 25 basis points to 5.5%, marking the first hike in four years as inflation remained elevated. Banking stocks strengthened post-announcement while auto and real estate sectors faced pressure. The rate decision reflected concerns over global economic headwinds and rising commodity prices.
Mint Markets