✉news BusinessBanking first seen 17 h ago, last 3 h ago, peak #10
India raises interest rates for first time in nearly four years
Original: India joins global rate-tightening wave with first hike in nearly 4 years
India's central bank has raised interest rates for the first time in almost four years, aligning itself with a global wave of monetary tightening as inflation pressures mount worldwide. The move means one of the world's largest economies is joining counterparts in the United States, Britain and elsewhere in withdrawing pandemic-era policy support, a shift watched closely by markets and borrowers.
Why now: The rate hike marks a turning point in India's monetary policy amid a coordinated global tightening cycle driven by inflation.
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