RBI raises interest rates, hikes FY27 growth forecast by 40bps and inflation by 20bps
RBI governor Sanjay Malhotra announces raising repo rates by 25 basis points MUMBAI: The RBI raised the repo rate by a widely expected 25 basis points to 5.50% on Wednesday as stronger-than-expected growth and broader price pressures prompted the Monetary Policy Committee to unanimously vote for a hike and shift its stance from neutral to…
