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Market brief · 7 Oct 2026

RBI raises rates for the first time in nearly four years — and the market flinches

The Reserve Bank lifted its policy rate by 25 basis points, its first hike since early 2023, citing inflation pressure from the ongoing West Asia conflict. Both benchmarks closed lower, the rupee slipped past 96 to the dollar, and gold climbed back toward ₹1.50 lakh per 10 grams. Here is what actually happened, in plain English.

Nifty 50 22,603.05 ▼ 0.76% Sensex 72,608.90 ▼ 0.63% Rupee 96.45

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