Oct 7, 2026
The RBI has raised the repo rate by 25 basis points to 5.50%, its first hike since February 2023, which could make floating-rate home, car and personal loans more expensive. Borrowers on repo-linked loans may face higher EMIs or longer tenures at their next reset, while fixed-rate loans will remain unaffected.
During an international meeting on the India-Middle East-Europe Economic Corridor, an inaccurate map caused significant objections. The presentation by the OECD included incorrect depictions of India's territorial boundaries, prompting concerns from participants. The President of the Chintan Research Foundation emphasized the importance of recognizing geopolitical sensitivities in such discussions. Discussions at the meeting aimed to improve cooperation among ports along the proposed corridor.
The Reserve Bank of India has raised the policy repo rate by 25 basis points to 5.50%. This increase is the first since February 2023 amid economic uncertainties both domestically and globally. Geopolitical developments have contributed to instability in global markets, affecting economic activity. Despite these challenges, the RBI noted that the Indian economy remains strong with broad-based momentum.
Zerodha founder Nithin Kamath has revealed that the platform's youngest customer is now a 28 day old baby, whose parents opened a minor account and made the first investment within a week. This comes a year after Kamath shared that the youngest account holder then was 64 days old
Donald Trump plans to highlight Anduril’s $3.7 billion investment in a Baltimore-area facility that will make components for US nuclear-powered submarines, part of his push to showcase manufacturing investment ahead of the November 3 midterms. The project is expected to create 3,100 direct jobs, with the federal government committing $2.9 billion to purchase output from the facility.
Republicans enter the final month before the midterms with a major cash advantage but growing concern that late spending may not offset voter dissatisfaction over Trump, the cost of living and the Iran war. Trump-aligned groups are pouring money into competitive Senate and governor races, but the late ad buys are far more expensive, raising doubts over how effectively the party can translate its roughly $1 billion war chest into electoral gains.
A mum says she has been so overwhelmed by support after opening her own bakery that she’s already planning to order a bigger mixer to meet demand.
The European Union’s top trade mandarins depart for Beijing on Wednesday for two days of intensive negotiations but expectations in Brussels are measured as to what the talks will deliver. Maros Sefcovic, the EU’s trade chief, will meet his Chinese counterpart Wang Wentao on Thursday and Friday – three months after their last encounter in Brussels, when the Europeans set an October deadline for signs of a rebalancing in the trading relationship. Non-stop working-level talks have proven...
A 33-year-old Lonavala lawyer was allegedly shot dead by his 83-year-old grandfather following a property dispute, with police saying relatives later tried to pass off the killing as an accidental firing. Investigators became suspicious after examining the bullet wound and blood evidence at the hotel. Five relatives were arrested over the alleged murder and destruction of evidence.
RBI Monetary Policy 2026 Takeaways: The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, the first increase since February 2023. The GDP growth forecast for FY27 was raised from 6.7% to 7.1%, highlighting resilient economic activity. Meanwhile, CPI inflation projection was revised up to 5.2% due to rising food and fuel prices. The Monetary Policy Committee shifted its stance to calibrated tightening, emphasizing inflation containment.
