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RBI MPC: RBI hikes repo rate to 5.5 per cent; rules out rate cuts in near term
Updated On: 07 October, 2026 03:08 PM IST | Mumbai | mid-day online correspondent
This is the first time since February 2023 that the apex bank has increased the rates. The RBI has kept the repo rate unchanged for four consecutive policy meetings at 5.25 per cent, since December 2025
RBI hikes repo rate by 25 basis points to 5.5 per cent. RBI Governor Sanjay Malhotra. File picture
The Reserve Bank of India (RBI) on Wednesday increased its repo rate by 25 basis points, its first rate hike for the first time since February 2023, amid geopolitical uncertainties and inflationary pressures.
The apex bank further said that given the current conditions, rate cuts are off the table in the near term and changed its policy stance to 'calibrated tightening'.
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