MUMBAI — Indian equity markets suffered a brutal sell-off on Thursday, extending a two-day downward spiral triggered by an unexpected and decidedly hawkish pivot from the Reserve Bank of India (RBI). The benchmark BSE Sensex tumbled 1,045.46 points, or 1.4%, to close at 71,593.24—its lowest level since February 2024. Simultaneously, the broader NSE Nifty 50 […]
RBI Turns Hawkish: State Bank of India Economist Calls for Aggressive ‘Jumbo’ Rate Hikes as Inflation Trajectory Steepens
New Delhi: In the wake of the Reserve Bank of India’s (RBI) recent pivot toward monetary policy tightening, leading economists are sharply divided over the path ahead. Following the central bank’s decision to hike the benchmark repo rate by 25 basis points (bps) to 5.50%—its first such move in over three and a half years—debate […]