India's central bank raised its benchmark rate for the fourth straight time on Friday, to contain high inflation.
The Monetary Policy Committee of the Reserve Bank of India, led by Governor Shaktikanta Das, voted 5-1 to hike its key interest rate, the repo, by 50 basis points to 5.90 percent from 5.40 percent with immediate effect.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.