India central bank raises key rate to 5.4% to cool inflation
After 50-basis-point hike, governor warns of risks from sustained price pressure
The Reserve Bank of India is striving to control inflation with a series of rate hikes.
NEW DELHI -- The Reserve Bank of India on Friday raised its benchmark repo rate by 50 basis points to 5.4%, the third hike since May, as the central bank attempts to rein in inflation.
RBI Gov. Shaktikanta Das said the monetary policy committee's decision was unanimous.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30