interest rate

New Delhi (Gurpreet Singh): The Reserve Bank of India raised its benchmark repo rate by 25 basis points to 5.5 per cent on Wednesday, implementing its first borrowing cost increase in nearly four years as inflationary pressures mount against the backdrop of steady domestic expansion. Following the conclusion of its three-day bi-monthly review, the six-member Monetary Policy Committee voted to lift the policy rate from 5.25 per cent and adjusted its official stance from neutral to calibrated tightening. The decision directly impacts floating-rate retail borrowing, signalling an uptick in equated monthly instalments on home and personal loans while aiming to…