Reserve Bank of India
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Background
From 8 stories, the newest dated 8 Oct 2026. Summary written 10 Oct 2026.
The Reserve Bank of India (RBI) is the regulator whose Monetary Policy Committee sets the repo rate, which bears on credit-financed demand for autos, appliances and realty. [1] source: Mint[2] source: Business Standard
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It also oversees payments: it gave in-principle approval for a Payment Aggregator – Physical licence to MobiKwik. [3] source: Business Today RBI publishes consumer confidence surveys of urban and rural households. [4] source: The Hindu BusinessLine[5] source: Indian Express
In October 2026, RBI raised the repo rate by 25 basis points from 5.25% to 5.50%, its first hike since February 2023. [1] source: Mint[2] source: Business Standard The MPC shifted its stance to calibrated tightening, and RBI said CPI inflation rose to 4.8 per cent in August. [2] source: Business Standard Mint reported that inflation is projected to peak at 6% in Q3FY27. [6] source: Mint RBI's September 2026 Urban Consumer Confidence Survey found 54.5 per cent of urban households felt economic conditions worsened, up from 50.5 per cent in July, while 83.7 per cent reported higher spending than a year ago. [4] source: The Hindu BusinessLine The rural Current Situation Index fell to 90.6 in September 2026 from 91.7 in July. [5] source: Indian Express A 0.4% merchant MDR on UPI payments above Rs 2,000 takes effect on October 15. [7] source: Times of India
RBI Governor Sanjay Malhotra signalled a pause or rate hike, not a cut, while targeting 4% headline inflation. [8] source: Financial Express He said a small MDR charge on certain UPI transactions has shown no drop in volumes so far. [8] source: Financial Express
Sources
Questions about Reserve Bank of India
Who leads Reserve Bank of India?
Sanjay Malhotra is the Governor of the Reserve Bank of India. In October 2026 he signalled a pause or rate hike, not a cut, while targeting 4% headline inflation. [8] source: Financial Express
What has Reserve Bank of India changed for retailers recently?
In October 2026, the Reserve Bank of India raised the repo rate by 25 basis points from 5.25% to 5.50%, its first hike since February 2023, and moved to a calibrated tightening stance. [1] source: Mint[2] source: Business Standard
More stories about Reserve Bank of India
- RBI clears Sunday branch operations ahead of planned nationwide bank strike
- RBI backs MDR on UPI transactions above ₹2,000 to fund network expansion
Stories that mention Reserve Bank of India
9 stories
Reserve Bank of India is named in these stories but is not their subject.
- IIT-Bombay report urges UPI MDR cut to 0.08% from 0.40% as merchant fee start date of 15 October nears
- Tata Sons weighs subsidiary mergers to preserve its unlisted holding-company status
- SBI waives ATM charges during September 28–30 bank strike; digital payments stay live
- NPCI says proposed UPI MDR would largely spare consumers, shift burden to large corporates
- PayGlocal gets IFSCA nod to launch cross-border payments unit in GIFT City
- India to levy 0.4% UPI MDR on merchant payments above ₹2,000 from Oct. 15
- Noel Tata opposes Tata Sons listing, seeks RBI compliance window
- PhonePe weighs IPO restart as new UPI MDR rules improve revenue visibility
- RBI moves to safeguard its position in Tata Sons listing dispute