BusinessRBI Raises Repo Rate by 25 bps to 5.50% in October 2026
On 7 October 2026, the Reserve Bank of India increased the repo rate by 25 basis points to 5.50%, marking the first hike since February 2023. The Monetary Policy Committee voted unanimously for the hike and changed the policy stance to "calibrated tightening" with a 4-2 majority. RBI Governor Sanjay Malhotra highlighted inflation risks due to global factors and elevated oil prices, signaling possible further hikes or pauses ahead.
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