%India Government Bond 10Y
IN-10Y
▼ NegativeMonetaryrelevance
RBI hikes repo rate 25bps to 5.5%, pushing bond yields up and prices down.
The Reserve Bank of India raised its Repo Rate by 25 basis points to 5.5%, its first hike since February 2023. Following the monetary policy decision, the Indian Rupee remained broadly muted at around 96.37 against the US Dollar.
RBI hikes repo rate 25bps to 5.5%, pushing bond yields up and prices down.
RBI's first rate hike since 2023 supports the rupee, though it stayed muted near 96.37.