RBI raises repo rate, warns of inflation impact
after close1 source ↓machine-written, see hownot a recommendation
- 5.25% to 5.50%
- to rise
- 5.0% to 5.2%
- this year
- 7.1%
The Reserve Bank of India has increased the repo rate from 5.25% to 5.50%, marking the first hike since February 2023. This move is expected to lead to higher borrowing costs, potentially reducing festive-season spending as inflation is projected to rise from 5.0% to 5.2%. GDP growth is forecasted at 7.1% this year, providing some positive outlook amidst rising prices.
Not investment advice. For informational purposes only.