Oct 7 (Reuters) - 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.

AASTHA GUDWANI, INDIA CHIEF ECONOMIST, BARCLAYS, MUMBAI : "We found today's policy statement and tonality quite neutral. By changing the stance to 'calibrated tightening', we think the RBI has tempered the ‌expectation of back-to-back hikes. We expect one more 25bp hike in remainder of FY27 but it may not necessarily come in December (more likely in February . . .