Four horsemen? RBI flags risks spooking the world
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, its first hike in nearly four years, due to rising inflation and a weakening rupee. RBI Governor Sanjay Malhotra identified four global risks affecting economic sentiment: the West Asia conflict, tariff uncertainties, elevated bond yields, and AI stock valuation corrections. The RBI aims to maintain price and financial stability amid these challenges.