Reserve Bank of India (RBI) Governor Sanjay Malhotra and MPC members at a press conference on its Monetary Policy announcement and repo rate hike from 5.25% to 5.50%, in Mumbai.
| Photo Credit: ANI
The decision of the Reserve Bank of India’s Monetary Policy Committee to hike interest rates was seeming increasingly inevitable in the run-up to its meeting that started on Monday (October 5, 2026).
Inflation in the July-September 2026 quarter came in at 4.9% as opposed to the 4.7% predicted by the RBI in its previous monetary policy review. The main driver of this has been fuel and food inflation. Looking ahead, the RBI predicts inflation will be 6% in Q3 — its upper comfort limit — and 5.7% in Q4.
Published – October 07, 2026 03:29 pm IST
