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اقتصاد سكاي نيوز عربية
India increases interest rates after four years
The Reserve Bank of India (the central bank) has announced its first increase in the main interest rate in approximately four years, raising it by 25 basis points to 5.5%. This move is part of efforts to combat inflation and the weakening of the Indian currency. The decision came after the relevant committee agreed to tighten monetary policy due to rising inflation risks, with expectations that further increases may follow in the coming period. Following this, the yield on the 10-year Indian government bonds rose to 7.27%, while the rupee exchange rate remained stable at 96.4 rupees per dollar. Central banks across Asia are also leaning towards tightening monetary policies amid rising oil prices and escalating global inflation.
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