Investing.com -- The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.50% on Wednesday, its first rate hike since February 2023, as the central bank responded to a less favorable inflation outlook and heightened geopolitical risks. Before you buy NVIDIA: our AI model's stock picks are beating the market by 120%+. See the list now » The Monetary Policy Committee (MPC) increased the policy rate from 5.25%, with the move broadly in line with economists' expectations. The decision comes as global conditions remain challenging amid geopolitical events, while higher energy prices and other external pressures have complicated the inflation outlook.
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