RBI raises rates to 5.50% as rupee trades near 97
pre-market1 source ↓machine-written, see hownot a recommendation
- repo rate
- 25 basis points
- 5.50%
- in six months
- 97
- pair traded
- 96.7174
- from Tuesday
- 0.36%
The Reserve Bank of India raised its repo rate by 25 basis points to 5.50%, shifting to a stance of calibrated tightening. This follows Goldman Sachs' forecast of USD/INR reaching 97 in six months. The pair traded at 96.7174, up 0.36% from Tuesday, indicating limited room for further depreciation.
Not investment advice. For informational purposes only.