The Reserve Bank of India raised its benchmark repo rate by 25 bps to 5.50% on Oct. 7, its first increase since February 2023. The central bank acted to combat inflation, which has reached 4.8%, exceeding its 4% target. Additional pressures include a weak monsoon, oil prices at $100 a barrel, and a rupee that remains on the verge of a record low despite interventions.
Tuesday, October 20, 2026
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Indian Stocks Crash to Nearly 3 Year Low After RBI Rate Hike
Global Markets12 days ago
The value of the equity market in India plummeted by ₹9 lakh cr on Oct. 8 as persistent selling gripped investors. This decline pushed shares to their lowest levels in nearly 3 years, driven by a combination of rising borrowing costs, elevated oil prices, and higher bond yields that fueled investor exits from the market.
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