08-October-2026
Economy News
 
RBI MPC: First rate hike in 4 years to 40 bps GDP forecast boost, 7 key takeaways
07-Oct-2026

Cheaper loans just got harder to expect. Today, October 7, the Reserve Bank of India (RBI) raised policy repo rate for the first time in 4 years. It now stands at 5.50%, up by 25 basis points. The repo rate is the rate at which the RBI lends money to banks. A basis point is one-hundredth of a percentage point, so 25 of them make a quarter of one per cent. This is the first hike since February 2023.

News Source:- https://www.financialexpress.com/policy/economy/rbi-mpc-first-rate-hike-in-4-years-to-40-bps-gdp-forecast-boost-7-key-takeaways/4355393/?ref=hometop_hp
 
 
 

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