The RBI's Monetary Policy Committee unanimously raised the repo rate by 25 basis points to 5.50% and shifted its stance from neutral to 'calibrated tightening', citing inflationary pressures from food, fuel and fertilisers. August CPI rose to 4.8% and Q1 GDP was 7.8%. FY27 GDP and CPI were revised to 7.1% and 5.2%, respectively; MSF and bank rates rose.
