{
  "id": 12569429,
  "title": "Indian central bank hikes rates for first time since 2023",
  "url": "https://urgent.news/2026/10/07/indian-central-bank-hikes-rates-for-first-time-since-2023",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T06:47:01.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/india-central-bank-interest-rates-hike-first-time-2003-6438586"
  },
  "original_language": "en",
  "account": "India's central bank, the Reserve Bank of India (RBI), has raised interest rates for the first time since 2023, amid concerns of inflation and a weakening rupee. The benchmark repurchase rate, at which the RBI lends to commercial banks, has been increased by 25 basis points to 5.50 percent. India's economy, the world's third-largest, has been affected by the Iran conflict, causing inflation to rise and the rupee to weaken. Retail inflation stood at 4.8 percent in August, breaching the RBI's medium-term target of 4 percent. The central bank is expected to consider further rate hikes, as the rising interest rate backdrop globally has reduced the RBI's degrees of freedom.",
  "summary": "In doing so, the RBI has shifted gears to join several central banks around the world who have raised rates to curb price rises or boost their currencies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Indian central bank hikes rates for first time since 2023",
        "url": "https://urgent.news/2026/10/07/indian-central-bank-hikes-rates-for-first-time-since-2023-12571040",
        "published": "2026-10-07T06:47:01.000Z"
      }
    ]
  },
  "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."
}