India raises key rate 25 basis points to 6.5% as inflation cools

RBI's Das stresses financial sector's resilience when asked about Adani crisis

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Reserve Bank of India Gov. Shaktikanta Das attends a news conference after a monetary policy review in Mumbai on Feb. 8, where he faced questions related to the Adani crisis. © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- The Reserve Bank of India on Wednesday raised its benchmark repo rate a modest 25 basis points, or a quarter of a percentage point, to 6.5% in what many expect will be its final increase before hitting the pause button as inflation starts to cool.

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