RBI raises repo rate amid global uncertainty
after close1 source ↓machine-written, see hownot a recommendation
- 5.50%
- growth forecast
- 7.1%
- and increased
- 6.7%
- inflation projection
- 5.2%
The RBI has raised the repo rate by 25 basis points to 5.50%, marking its first hike since February 2023. This shift to calibrated tightening reflects rising inflation risks and global economic uncertainty. The RBI also revised its FY27 GDP growth forecast to 7.1% from 6.7% and increased its inflation projection to 5.2%.
These changes signal that near-term rate cuts are unlikely, impacting borrowing costs and market sentiment.
Not investment advice. For informational purposes only.