Report
India's central bank raises key rate for first time since 2023
Nikkei Asia reports the RBI lifted its key rate by 25 basis points to 5.50% as inflation exceeded its target.
TLDR
Nikkei Asia reports that the Reserve Bank of India raised its key interest rate by 25 basis points to 5.50% on October 7, 2026, its first hike since 2023. The move shifts its focus from supporting growth toward fighting inflation, which Nikkei Asia says has accelerated beyond the bank's target.
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