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RBI raises repo rate to 5.50%, first hike since 2023

Original: India's central bank (RBI) raised its policy repo rate 25 bps to 5.50% on 7 Oct 2026, its first hike since Feb 2023. Man

The Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50% on 7 October, its first increase since February 2023. The move directly affects repo-linked home loans, with a typical ₹50 lakh 20-year loan rising from 8.10% to 8.35%, pushing up monthly payments for borrowers across India.

Why now: Borrowers and personal finance commentators are reacting to higher home loan EMIs following the surprise first rate hike in over three years.

Reserve Bank of India

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Evidence

• India's central bank (RBI) raised its policy repo rate 25 bps to 5.50% on 7 Oct 2026, its first hike since Feb 2023. Many Indian home loans are directly linked to the repo rate. Illustrative: ₹50 lakh (~5 million rupees), 20 years, 8.10% → 8.35%. Monthly payment ₹42,134 →… · spendzie_official

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