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India's central bank raises rates for first time since 2023
Original: India's central bank delivers first rate hike since 2023 as inflation bites
The Reserve Bank of India has raised its key interest rate for the first time since 2023, a move aimed at curbing persistent inflation. The decision marks a reversal of the bank's recent easing stance and is drawing attention across global markets, with analysts watching what it signals about inflation pressures and the broader direction of monetary policy in one of the world's fastest-growing major economies.
Why now: The RBI's unexpected policy reversal is seen as a signal about inflation momentum in a major emerging economy.
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