Economy · Mumbai, India · October 7, 2026

Reserve Bank of India raises rates for first time since 2023

Reported by 1 outlet · under-reported · first reported Oct 6, 8:00 PM ET

India's central bank lifted its benchmark repo rate by 25 basis points to 5.5%, its first increase since February 2023.

Why it matters

Higher borrowing costs in the world's most populous country will affect loans, the rupee and growth across a major emerging economy.

Background

The Reserve Bank of India sets monetary policy for the country and targets consumer price inflation. It had been cutting rates in the prior period before reversing course.

The story so far

1. Oct 7Reserve Bank of India raises rates for first time since 2023
2. Oct 8Reserve Bank of India raises rates for first time since 2023
3. Oct 17Rupee forecast to weaken toward 100 per dollar

Follow the whole story →

Sources

• France 24 ↗October 7, 2026

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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