RBI hikes repo rate to 5.5%; rate cuts now off the table | Above the Fold | Oct 7, 2026

By The Hindu

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The Reserve Bank of India has raised the policy repo rate by 25 basis points to 5.50% and shifted its stance from neutral to calibrated tightening, signalling that rate cuts are off the table in the near term. The RBI move comes after 125 basis points of cuts during the current easing cycle. Also in focus: Rahul Gandhi, Priyanaka Gandhi and several India Bloc leaders were detained as they marched towards Jantar Mantar demanding the removal of CEC Gyanesh Kumar, Prime Minister Narendra Modi marks 25 years in public office with a new development slogan, all 23 Indian crew members aboard an oil tanker attacked by drones off Russia’s Black Sea coast are rescued, and the 2026 Nobel Prize in Chemistry goes to Henri B. Kagan and Kenso Soai. Above the Fold is The Hindu’s daily news show, bringing you the day’s biggest stories with clarity, depth and context. #gyaneshkumar #electioncommissionofindia #rahulgandhi 00:00 Introduction 00:13 RBI raises repo rate by 25 basis points to 5.50%, sh

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