RBI raised the repo rate 25bp to 5.50% — first hike since Feb 2023 — unanimous, and shifted stance to calibrated tightening on a 4-2 vote. Governor Malhotra says cuts aren't possible near term as glob

What happened: The RBI MPC raised the repo rate by 25 basis points to 5.50% on 7 October, its first hike since February 2023, and changed its stance to "calibrated tightening" by a 4-2 majority. Key numbers: Repo rate 5.50%, up 25 bps. FY27 GDP forecast 7.1% from 6.7%. FY27 CPI forecast 5.2% from 5%. Why it matters: Governor Malhotra said the stance signals rate cuts are not possible near term, with further hikes or a pause possible. The RBI cited elevated oil prices, tighter global conditions, and food inflation risks from unfavourable weather.

RBI hikes repo rate 25 bps to 5.50%, signaling tighter policy.

RBI hikes repo rate 25 bps to 5.50%, signaling tighter policy. — impact context not separately stored; see What changed.