RBI Revvs Up Repo Rate to 5.50% - Inflation Drama Unfolds!

Alright, squad! The Reserve Bank of India just cranked up the repo rate to 5.50%—first time in four years, can you believe it? This is all because inflation is throwing a fit and the global economy is looking a bit sus. With inflation projected to peak at 6.3%, the RBI is trying to keep things chill while India’s GDP is flexing at 7.8% growth. Classic RBI vibes!