RBI raises interest rates, hikes FY27 growth forecast by 40 bps and inflation by 20 bps
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50% amid stronger economic growth. It also increased the FY27 GDP growth forecast to 7.1% and revised the inflation prediction to 5.8%. This adjustment reflects the central bank's response to ongoing price pressures and aims to stabilize the economy.