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Business

RBI Raises Repo Rate to 5.50%, No Rate Cuts Soon

On 7 October 2026, the Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, signaling a shift to calibrated tightening. The RBI stated that rate cuts are unlikely in the near term, with future policy actions being either hikes or pauses. Banking stocks face challenges in protecting margins, sustaining credit growth, and managing funding costs over the next 3-6 months. Experts suggest large private banks may perform better amid these conditions.

Mint Markets·

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Politics

CRPF Head Constable Injured in Grenade Attack on RAF Outpost in Imphal East

A 40-year-old CRPF Rapid Action Force head constable, Dhananjoy Rai from Uttar Pradesh, was injured by splinters after unidentified assailants threw a hand grenade at the B/107 RAF outpost gate in New Lambulane, Imphal East. He was treated at JNIMS and later referred to Shija Hospital, where he remains in ICU on ventilator support. Authorities conducted a search but have not found suspects.

Hindustan Times··Imphal East

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Business

Oil Prices Fall After Trump Rules Out Iran Strikes Before Midterms

Oil prices dropped on Friday after a sharp rise the previous day, following President Trump's statement that the U.S. would not attack Iran before the November 3 midterm elections. Brent crude fell 1.3% to $102.90 per barrel, and West Texas Intermediate dropped 1.4% to $89.50. Despite the decline, prices remain high due to ongoing shipping risks in the Persian Gulf and disruptions in U.S. offshore production.

HT World·

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Entertainment

Amrapali Dubey Questions ScoutOP's Physical Closeness With Love Gill

Bhojpuri actress Amrapali Dubey questioned gamer ScoutOP's behavior after he was seen massaging Love Gill with his hand inside her shirt. The incident raised concerns about the appropriateness of ScoutOP's actions towards Love Gill.

NDTV Movies·

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Politics

Former German Spy Chief Had Ties with Chinese Official: Report

Germany’s former spy chief August Hanning maintained longstanding contacts with Wang Jianzheng, a former senior Chinese official and major general at the Chinese embassy in East Germany. Hanning was detained on suspicion of sharing confidential information with foreign intelligence agents after retirement. His lawyer denies any harm to German interests and calls the prosecution wrongful. Details on the shared information remain undisclosed.

Firstpost World·

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Politics

Jharkhand Tribal Woman Alleges Brutal Custodial Assault

A 33-year-old tribal woman from Latehar district, Jharkhand, accused policemen at Bariatu police station of beating, sexual harassment, and casteist slurs. The complaint names officer Prabhat Kumar Das and others. The woman was forcibly taken into custody on October 5 while grazing goats. She alleges severe assault, being tied upside down, and forced to eat green chillies. Chief Minister Hemant Soren has ordered an investigation.

Hindustan Times··Latehar

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