# India cenbank hikes rates 25 bps as expected, hints more could come | Reuters

> The Reserve Bank of India raised its policy rate by 25 basis points on February 8, in line with expectations. The rupee was little changed at 82.69 per dollar after the announcement. The central bank kept its stance of withdrawing accommodation and signaled that further hikes could come.

- Date: 2023-02-08 · published 2023-02-08T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/37609-india-cenbank-hikes-rates-25-bps-as-expected-hints-more-could-come-reuters
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Higher Indian rates raise borrowing costs for feed mills, dairy and poultry operators, which can slow feed demand growth. The rupee's muted reaction suggests the hike was largely priced in, so the currency-driven feed cost impact is limited.

## Read by commodity

- USDINR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/india/india-cenbank-raises-rates-by-25-bps-widely-expected-2023-02-08/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.