Reserve Bank of India Raises Key Repurchase Rate to 5.50%

The Reserve Bank of India (RBI) has increased its key repurchase rate by 25 basis points to 5.50% in a unanimous decision, marking the first rate hike since February 2023. This move signals the end of the previous easing cycle and indicates that future policy decisions will depend on the growth and inflation outlook, with rate cuts currently off the table.