India's central bank raised its benchmark interest rates for the fifth policy meeting in a row on Wednesday due to sticky core inflation, but geared down the pace of tightening given the softness in economic growth outlook.
The Monetary Policy Committee of the Reserve Bank of India voted 5-1 to hike its key interest rate, the repo, by 35 basis points to 6.25 percent with immediate effect, Governor Shaktikanta Das said.
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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.