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India's central bank delivers first rate hike since 2023 as inflation bites

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India's central bank delivers first rate hike since 2023 as inflation bites

Nikkei Asia · Oct 7, 2026, 5:44 AM UTC

MUMBAI -- The Reserve Bank of India on Wednesday raised its key interest rate by 25 basis points to 5.50%, kicking off the first cycle of rate hikes s