India's central bank softened its pace of monetary policy tightening after inflation returned to the target band and the economy continued to remain resilient despite risks emanating from external environment.
At the end of its three-day monetary policy meeting, the Monetary Policy Committee of the Reserve Bank of India decided to raise the policy repo rate by 25 bps to 6.50 percent.
At the December meeting, the committee had lifted the rate by 35 basis points following the half percentage point hikes at each of the previous three sessions.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.