RBI MPC raises repo rate by 25 bps to 5.50%, first hike in nearly 4 years
RBI changes its policy stance to ‘calibrated tightening’ from ‘neutral’. Governor Sanjay Malhotra says the MPC underscored that rate cuts are off the table in the near term, and the re-escalation of the West Asia conflict has weighed on global sentiment. FY27 core inflation is seen at 4.4% (earlier 4.3%).
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