Story preview
Topics in this story
Continue reading on the publisher site for the full article.
Read on publisher →Prop News Time
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
13
in the last 3 days
First reported
2 days ago
12 outlets since
Countries
12 other outlets reported this story in the last 3 days.
The Reserve Bank of India (RBI) on Wednesday, October 7, 2026, raised the benchmark repo rate by 25 bps to 5.5%. This is the first rate hike since February 2023
The RBI raised the repo rate by a widely expected 25 basis points to 5.50% on Wednesday as stronger-than-expected growth and broader price pressures prompted the Monetary Policy Committee to unanimously vote for a hike and shift its stance from neutral to calibrated tightening.
The RBI now expects Q2 FY27 CPI inflation at 4.9%, up from 4.7% earlier. The projection for Q3 has been raised to 6% from 5.9%, while Q4 inflation is seen at 5.7% compared with 5.5% earlier.