RBI raises interest rates by 25 basis points, signals further tightening

The Reserve Bank of India has raised its benchmark interest rate by 25 basis points. The move will increase the cost of corporate and retail loans, including home mortgages, for borrowers across the country.

The RBI's action comes as geopolitical tensions persist globally. The central bank has signaled that further rate increases may follow, indicating a continuation of its monetary tightening cycle in the coming months.