The Reserve Bank of India on Wednesday raised the repo rate by 25 basis points to 5.50%, its first rate hike in nearly four years, as rising inflation pressures and a weakening rupee prompted policymakers to change course.
In a 4–2 split vote, the RBI’s six-member Monetary Policy Committee shifted its stance from neutral to "calibrated tightening," signaling that further rate hikes remain firmly on the table.
