RBI Hikes Repo Rate to 5.5%, Raises FY27 Retail Inflation Forecast to 5.2%
· rediff.com
The Reserve Bank of India (RBI) has marginally raised its retail inflation forecast for the current fiscal year (FY27) to 5.2 per cent from 5 per cent, citing increasing price pressures across various commodities. Concurrently, the Monetary Policy Committee (MPC) unanimously decided to hike the key interest rate (repo) by 25 basis points to 5.5 per cent, shifting its stance to 'calibrated tightening'.
The Reserve Bank of India has announced a 25 basis point hike in the repo rate to 5.5 per cent and raised its retail inflation forecast for the current fiscal y...