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India’s RBI raises repo rate to 5.50% in first hike since 2023
cnbc.com ·
AI-assisted briefing: The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50% on Wednesday, its first increase since 2023, according to CNBC's preview. The rate reached a one-year high, matching expectations in a Reuters poll of economists. The move joins tightening by several major central banks seeking to curb accelerating inflation.