MUMBAI: In a move that could hurt consumption during the festive season, mortgages and other loans are set to become more expensive, while deposits will start yielding higher returns in a few weeks, with Reserve Bank of India Wednesday anno

The Reserve Bank of India on Wednesday raised interest rates for the first time since 2023, joining several major central banks in tightening monetary policy to arrest accelerating inflation.

RBI has raised the repo rate by 25 bps to 5.50%, increasing borrowing costs for consumers with floating-rate loans linked to external benchmarks. Home-loan borrowers may see the hike reflected through higher EMIs, longer repayment tenures or both, depending on their lender’s mechanism.

India's central bank raised its ​benchmark repo rate by 25 basis points to 5.5%, amid mounting inflation and strong economic growth.

The Reserve Bank of India (RBI) has increased its policy repo rate by 25 basis points (bps) to 5.50 per cent, marking the first rate hike since February 2023

Published - October 08, 2026 12:48 pm IST of the Reserve Bank of India (RBI) on Wednesday (October 7, 2026) voted unanimously to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 bps to 5.50%. Consequently,

India's central bank, the Reserve Bank of India (RBI), raised the repo rate by 25 basis points to 5.5 percent, as a result of which house loans

The six-member RBI MPC, chaired by Governor Sanjay Malhotra, has raised the benchmark repo rate by 25 basis points to 5.5%, marking the first rate hike since February 2023.

Governor Sanjay Malhotra. File | Photo Credit: Reuters The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday (October 7, 2026) raised the policy repo rate under the liquidity adjustment facility (LAF) by 25 ba

Considering all these factors, the MPC unanimously voted to increase the policy repo rate by 25 basis points to 5.50 per cent.

The Reserve Bank of India announced its bi-monthly monetary policy on Wednesday (October 7, 2026), unanimously deciding to increase the repo rate by 25 basis points, from 5.25% to 5.50%. The key rate hike after nearly three-and-a half years

The RBI on Wednesday raised the repo rate by 25 basis points to 5.50 per cent.

After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted to increase the policy repo rate by 25 bps to 5.50 per cent.

The central hiked the benchmark repo rate by 25 basis points to a 1-year high of 5.50%, in line with expectations of economists polled by Reuters.

In addition, the early signs of inflation becoming generalised are also evident from the increase in core inflation and higher inflation across a larger segment of the consumer price index (CPI) basket, he said. Considering all factors, he

The Reserve Bank of India raised its consumer price index-based inflation forecast for 2026-27 to 5.2% from 5.0% in August, flagging risks from a deficient monsoon, El Niño conditions, elevated global energy prices and widening food price pressures.

CPI inflation is projected at 5.2% for 2026-27, while GDP growth is projected at 7.1%, up 40 bps from the earlier forecast.

FY27 GDP is projected at 7.1% and CPI at 5.2%.

The Reserve Bank of India (RBI) on Wednesday raised its retail inflation forecast for 2026-27 to 5.2 percent from 5 percent, warning that price pressures were spreading across food items and a wider section of the consumer basket.

If you are seeing this message, we have detected that you are using an older, unsupported browser. See how to update your browser # RBI Monetary Policy - Feb 2023 RBI increases the Repo Rate by 25 bps to 6.50 per cent 08 February 2023

The Reserve Bank of India's Monetary Policy Committee (MPC), at the conclusion of its meeting on 8 February 2023, raised the policy repo rate by 25 basis points to 6.50 per cent. This marked the sixth consecutive rate hike since the tightening cycle commenced in May 2022

The central bank's Monetary Policy Committee is expected to raise repo rate, which would be the first increase since February 2023, as higher energy prices and the war in West Asia revive inflationary pressures.

The Reserve Bank of India on Wednesday raised interest rates for the first time since 2023, joining several major central banks in tightening monetary policy to arrest accelerating inflation.

skip to content Indian Express Logo Journalism of Courage This is an archive article published on February 8, 2023 # RBI hikes Repo rate by 25 bps to 6.5%, what impact will this have? ## RBI Monetary Policy Committee: In a 4:2 majority

The Reserve Bank of India raised its real GDP growth projection for FY27 to 7.1 percent from 6.7 percent, Governor Sanjay Malhotra announced on October 7, alongside higher growth estimates for the second and third quarters.

Taking all these factors into consideration, real GDP growth for this year is projected at 7.1 percent, with Q2 at 7.2 percent, Q3 at 6.9, and Q4 at 6.8 percent,

Indians may have to pay more for car, home and personal loans after the federal bank raised its benchmark interest rate for the first time in nearly four years in a bid to rein in inflation.

The Reserve Bank of India on Wednesday raised interest rates for the first time since 2023, joining several major central banks in tightening monetary policy to arrest accelerating inflation.

The Reserve Bank of India (RBI) lifted its benchmark repo rate, the rate it charges commercial banks for loans, by 25 basis points to 5.50%, with all six members of its monetary policy committee voting in favour. The move puts India alongs

Indians may have to pay more for car, home and personal loans after the federal bank raised its benchmark interest rate for the first time in nearly four years in a bid to rein in inflation.

India's central bank has switched to tightening, delivering a quarter-percentage-point increase as the fallout from the Iran war lifts prices and drags on the national currency.

through of which is still continuing. Considering all factors, CPI inflation is projected to be 5.2 per cent for 2026-27 with Q2 at 4.9 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent (Chart 2). Inflation for Q1:2027-28 is projected at

FY2026-27 GDP projected at 7.1%; CPI at 5.2%; core inflation at 4.4%

14. The near-term outlook on inflation points towards continued pressures from supply side, on account of the deficient Southwest monsoon16, El Nino conditions and high volatility in international oil prices17. Price pressures are increasin

is projected to be 5.1 per cent with Q1 at 4.2 per cent; Q2 at 5.1 per cent; Q3 at 5.9 per cent; and Q4 at 5.4 per cent. Core inflation is projected at 4.7 per cent for 2026-27 (Chart 2). Excluding precious metals, core inflation is project

CPI inflation for 2026-27 is projected to be at 4.6 per cent with Q1 at 4.0 per cent; Q2 at 4.4 per cent; Q3 at 5.2 per cent; and Q4 at 4.7 per cent. Persistently elevated energy prices due to the West Asia conflict and possible _El Niño_ c

The Reserve Bank of India last week flagged risks to agriculture and rural demand from a deficient and uneven southwest monsoon amid El Nino

The bank notes ongoing supply pressures and volatility

However, India remains highly dependent on crude oil imports, with 90% of all demand met by purchases from overseas, the report noted. “Overall primary energy import dependence has reduced modestly from 47% to around 42% between FY17 and F

India is growing more dependent on imports of crude oil, with the total share of imports in its oil consumption reaching 88.6% over the first ten months of its current fiscal year, which ends on March 31. The data, from the country’s Petro

between 2014/15 and 2024/25, India’s dependence on crude oil imports increased from 84% to 90%, and LPG imports rose from 46% to 62%.

India imports over 90% of its crude oil requirements with domestic production contributing only about 10%. Rising demand and stagnant output have significantly increased import reliance over time. ## High oil import dependence exposes

Nearly 90 percent of oil requirement is met by import.

commodity / Total Supply of that energy commodity) Petroleum products are excluded as India is net exporter of them and have considered only the import value of different energy sources to calculate the indicator. Figure 8.14 shows that Ind

He said that India currently meets about 88 percent of its crude oil and 51 percent of its gas needs through imports

in 2024-25. Natural gas import dependency rises significantly from 39.88% in 2015-16 to 49.73% in 2024-25, reflecting growing reliance on imported natural gas. 84.59 85.59 86.07 86.88 87.59 86.56 87.73 88.86 88.86 89.44 27.34 26.10 26.84 28