{
  "id": 12550368,
  "title": "RBI MPC Meeting 2026: Malhotra & Co hike repo rate by 25 bps to 5.50% for first time in nearly 4 years as inflation pressures build",
  "url": "https://urgent.news/2026/10/07/rbi-mpc-meeting-2026-malhotra-co-hike-repo-rate-by-25-bps-to-5-50-for",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T04:32:38.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/policy/rbi-mpc-meeting-2026-malhotra-co-hike-repo-rate-by-25-bps-to-5-50-for-first-time-in-nearly-4-years-as-inflation-pressures-build/articleshow/134755020.cms"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India's Monetary Policy Committee (MPC) increased the repo rate by 25 basis points to 5.50% during its meeting on Wednesday. This marked the first rate hike in nearly four years, driven by rising oil prices due to tensions between the US and Iran, and a weak monsoon season threatening to escalate inflation. The six-member committee unanimously approved the rate hike, signaling potential further increases. The policy shift was announced by Governor Sanjay Malhotra, who began his tenure in December 2024 and led a series of rate cuts earlier this year. The move aligns the RBI with other Asian central banks that have started tightening policies amid renewed inflation pressures. Inflation is nearing 5% over the past three months and is expected to approach the upper limit of the RBI's 2%-6% tolerance band in the December quarter. The central bank has raised the growth forecast for fiscal year 2026-27 to 7.1% and increased the inflation target to 5.2%, resulting in adjustments to key rates like the standing deposit facility (SDF) rate at 5.25% and the marginal standing facility (MSF) rate and Bank Rate at 5.75%.",
  "summary": "RBI Monetary Policy Meeting 2026: The RBI raised the repo rate by 25 basis points to 5.50%, its first hike in nearly four years, as rising oil prices, a weak monsoon and a weaker rupee threaten to push inflation higher. The move was widely expected by economists.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "RBI raises the Repo Rate by 25 bps to 5.5% in October, as expected",
        "url": "https://urgent.news/2026/10/07/rbi-raises-the-repo-rate-by-25-bps-to-5-5-in-october-as-expected",
        "published": "2026-10-07T00:30:00.000Z"
      },
      {
        "outlet": "The Economic Times",
        "title": "Will FD interest rates rise after RBI repo rate hike?",
        "url": "https://urgent.news/2026/10/07/will-fd-interest-rates-rise-after-rbi-repo-rate-hike",
        "published": "2026-10-07T04:35:12.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "Repo rate hiked by 25 bps to 5.50 pc: Why RBI has hiked interest rates; EMIs of borrowers set to rise",
        "url": "https://urgent.news/2026/10/07/repo-rate-hiked-by-25-bps-to-5-50-pc-why-rbi-has-hiked-interest-rates",
        "published": "2026-10-07T04:41:10.000Z"
      },
      {
        "outlet": "Business Standard IN",
        "title": "RBI hikes interest rates by 25 bps: What next for the markets?",
        "url": "https://urgent.news/2026/10/07/rbi-hikes-interest-rates-by-25-bps-what-next-for-the-markets",
        "published": "2026-10-07T05:23:27.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "RBI raises interest rates, hikes FY27 growth forecast by 40 bps and inflation by 20 bps",
        "url": "https://urgent.news/2026/10/07/rbi-raises-interest-rates-hikes-fy27-growth-forecast-by-40-bps-and",
        "published": "2026-10-07T05:51:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}