India central bank raises repo rate for first time since 2023 as inflation pressures build
India's central bank has raised its benchmark repo rate by 25 basis points to 5.5%, in its first increase in nearly four years. The Reserve Bank of India said the move was aimed at containing inflation as the economy faces a mix of weather-related disruptions, volatile oil prices and wider geopolitical uncertainty. The decision is likely to affect borrowing costs for households and businesses, including car, home and personal loans.Governor Sanjay Malhotra said the central bank could either raise rates further or leave them unchanged, but cuts were "off the table for now". He said the decision reflected challenging geopolitical... [Continue Reading]
360LiveNews | 07 Oct 2026 12:02 LONDON
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