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Reserve Bank of India Raises Interest Rates for First Time Since 2023

CNBC ·

HSBC HSBC Holdings plc ADR
$97.58 +0.93%
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  1. 1The Reserve Bank of India raised the benchmark interest rate by 25bp.
  2. 2This move brings the Reserve Bank of India benchmark rate to 5.50%, a one-year high.
  3. 3The Monetary Policy Committee decided to shift its policy stance to calibrated tightening.

So what's the key point?

The Reserve Bank of India raised the benchmark interest rate to 5.50%. This means the central bank intends to manage the economy carefully by increasing the value of money.

Source CNBC · View original ↗

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