{
  "id": 12563543,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T05:51:28.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/rbi-raises-interest-rates-hikes-fy27-growth-forecast-by-40bps-and-inflation-by-20bps/articleshow/134757191.cms"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India (RBI) increased the repo rate by 25 basis points to 5.50% on Wednesday, as robust growth and higher inflation prompted the Monetary Policy Committee to adopt a calibrated tightening stance. This move will raise the Equated Monthly Installment (EMI) for a Rs 1 crore loan over 15 years by approximately Rs 1,500 per month. The RBI also revised its FY27 growth forecast by 40 basis points to 7.1%, while inflation is expected to rise by 20 basis points to 5.2%.",
  "summary": "In a notable move, the Reserve Bank of India has adjusted the repo rate, increasing it by 25 basis points to 5.50%. This adjustment comes in response to stronger-than-anticipated economic growth alongside rising price pressures. Additionally, the RBI has updated its FY27 GDP growth prediction to 7.1%, indicating optimistic economic performance. Meanwhile, inflation forecasts have been revised…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "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 - Economy",
        "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",
        "published": "2026-10-07T04:32:38.000Z"
      },
      {
        "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"
      }
    ]
  },
  "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."
}