RBI raises repo rate by 25 bps to 5.5%, shifts stance to 'calibrated tightening'

The Reserve Bank of India raised its repo rate by 25 basis points to 5.5% and shifted its policy stance to 'calibrated tightening'. Indian equity markets fell on the news, with the Sensex dropping 429 points to 72,638.70 and the Nifty50 falling 173 points to 22,603.05.

Detected & updated continuously · Source: Nebula