RBI hikes repo rate by 25 basis points to 5.5%
The Reserve Bank of India (RBI) raised the repo rate by 25 basis points to 5.5% on October 7, 2026. This marks the first hike in nearly three and a half years, with the monetary policy stance shifting from 'neutral' to 'calibrated tightening'. This change aims to address inflationary pressures in the economy.