‘Mehngai Man’: Congress Targets PM After RBI Hikes Repo Rate To 5.50% | "Centre Extorting People"

Congress has launched a sharp political attack on Prime Minister Narendra Modi, calling him “Mehngai Man” (Inflation Man) after the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%.The RBI’s October 2026 rate hike is its first increase in nearly four years, with the central bank citing rising inflationary pressures. Congress criticised the move on social media, arguing that higher interest rates could add to the financial burden on the common public. The political exchange comes as the RBI shifts towards a “calibrated tightening” stance to address inflation concernsWatch the full report for the latest developments on the RBI repo rate hike, inflation, borrowing costs and Congress' response. n18oc_indian18oc_breaking-newsNews18 Mobile App - https://onelink.to/desc-youtube