‼️ 🇮🇳 BREAKING: The RBI raised its repo rate by 25 basis points to 5.50% and shifted to a “calibrated tightening” stance, while lifting its FY GDP forecast to 7.1% from 6.7% and raising projected inflation to 5.2% from 5.0%. Governor Malhotra flagged persistent supply-side inflation pressures and early signs that price increases are broadening, while stressing that the cash reserve ratio remains the least-preferred liquidity-management tool. Markets reacted negatively: India’s 10-year yield climbed as much as 7 basis points to 7.27%, its highest since December 2023; the rupee weakened up to 0.4% toward a record low; and the NSE Nifty fell nearly 1%.
