RBI Hits the Gas with Repo Rate Hike After Four Years

So, the Reserve Bank of India just hit the turbo button, cranking the repo rate up by 25 basis points to 5.50%. This is their first hike in nearly four years, folks! Inflation's creeping in like a sneaky raccoon, and the RBI had to act before it throws a wild party. With the global economy throwing curveballs, they’re balancing growth like a tightrope walker on a caffeine high.