India’s Central Bank to Raise Interest Rates for First Time in Four Years

India’s central bank is preparing to raise interest rates this Wednesday, marking the first increase in nearly four years, reports RFI on Thursday, October 7, 2026.

This decision comes amid rising inflation, with oil prices around $100 per barrel, and the Indian rupee near its lowest historical level against the dollar.

Despite solid economic growth, foreign investors are reducing their exposure to Indian assets, which could influence the central bank’s monetary policy.