VIEW India raises policy rate by 25 bps in first hike in nearly four years ↧ ↧ VIEW India raises policy rate by 25 bps in first hike in nearly fou... The Indian central bank raised its benchmark repo rate INREPO=ECI by 25 basis points to 5.5% on Wednesday, marking the first rise in nearly four years amid mounting inflation and strong economic growth. COMMENTARY: ABHIJIT SURYA, SENIOR APAC ECONOMIST, CAPITAL ECONOMICS, MUMBAI