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RBI hikes repo rate by 25 basis points to 5.5%

Original: repo rate

The Reserve Bank of India has raised the repo rate by 25 basis points to 5.5% at its Monetary Policy Committee meeting, citing rising inflation. The move makes borrowing more expensive for homes, vehicles and businesses, and analysts are watching for further hikes as the central bank works to bring inflation back under control.

Why now: The RBI's surprise rate hike directly affects loan EMIs and savings across India, driving widespread interest.

Reserve Bank of IndiaRBI Monetary Policy CommitteeIndia

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Evidence

• In Illustrations: What Is Repo Rate? How Does A Hike Affect You? · NDTV
• RBI MPC hikes repo rate by 25 bps: Know how much more home loan borrowers will have to pay · Moneycontrol.com
• RBI MPC Meeting LIVE: RBI Hikes Repo Rate By 25 Basis Points To 5.5% Amid Rising Inflation · NDTV

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