The Reserve Bank of India decided to raise its key interest rate by a steeper-than-expected 50 basis points on Friday, and to remain focused on the withdrawal of accommodation to bring inflation back to the tolerance band.
The Monetary Policy Committee, led by Governor Shaktikanta Das, unanimously decided to hike its key interest rate, the repo, by 50 basis points to 5.40 percent. Markets had anticipated a 35 basis points hike.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.