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of <h1>IMF Supports RBI's 25 Basis Points Repo Rate Hike to 6.25% Amid Rising Inflation and Oil Prices.</h1> The International Monetary Fund (IMF) has endorsed the Reserve Bank of India's (RBI) decision to raise the repo rate by 25 basis points to 6.25% amid rising inflation and increasing oil prices. This marks the first rate hike in over four years, with the previous increase occurring in January 2014. The IMF views this move as a necessary response to inflationary pressures and other domestic economic factors, including currency depreciation. The decision was made during the RBI's second bi-monthly monetary policy review of the fiscal year.
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