RBI raises repo rate by 25 basis points to 5.50%, projects FY27 GDP growth at 7.1%

The Reserve Bank of India has increased the repo rate by 25 basis points to 5.50% amid rising inflationary pressures linked to the ongoing West Asia conflict. The RBI also projected a real GDP growth rate of 7.1% for the fiscal year 2027. This announcement was made during the bank's bi-monthly monetary policy meeting.

Originally published by gnews