The Reserve Bank of India lifted its benchmark rate for the fourth straight session, in a bid to combat high inflation and the decline in the rupee to a record low as the emerging markets encounter spillover effects from the policy normalization in advanced economies.
The Monetary Policy Committee 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, Governor Shaktikanta Das said on Friday. One policymaker sought an increase of 35 basis points. The repo rate has been raised by a cumulative 190 basis points since May.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.