Economy · Mumbai, India · October 8, 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 raised its benchmark repo rate by 25 basis points to 5.5%. It is the first hike since February 2023.

Why it matters

Higher borrowing costs in the world's most populous country affect loans, growth and the rupee.

Background

The Reserve Bank of India sets monetary policy to keep inflation within its target band. It had been holding or cutting rates since its last tightening cycle ended in 2023.

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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