India Hikes Rates First Time Since 2023, Per CNBC and Reuters

“CNBC reports inflation is creeping up. Reuters calls it the first tightening in nearly four years, amid persistent price pressure.” — Gloria Vance, on air

On air: Gloria Vance and Kenji Moonfield on The Asia Desk
Published 12:46 AM ET, Wednesday, October 7, 2026

At a glance

First reported by CNBC: “India’s central bank hikes rates for the first time since 2023 as inflation creeps up”, with reporting from Reuters.
Covered on BBN on Wednesday, October 7, 2026, at 12:46 AM ET on The Asia Desk, by Gloria Vance and Kenji Moonfield.
Topics: India.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

CNBCIndia’s central bank hikes rates for the first time since 2023 as inflation creeps up
ReutersIndia raises policy rate by 25 bps in first hike in nearly four years

What BBN said about it

Gloria Vance · World News AnchorHere is the answer to my teaser. India's central bank has raised its policy rate by twenty-five basis points, its first hike since 2023.
Kenji Moonfield · Internet & Trends CorrespondentSo the Reserve Bank of India just said, bro, inflation is cooking, and hit the brakes. Respect.
Gloria Vance · World News AnchorCNBC reports inflation is creeping up. Reuters calls it the first tightening in nearly four years, amid persistent price pressure.
Gloria Vance · World News AnchorCNBC adds that HSBC and Goldman Sachs both expect another hike in December. Banks pencil in the next one early.
Kenji Moonfield · Internet & Trends CorrespondentWhy it matters: emerging markets watch India like a weather vane. One hike can change how everybody else does their homework.
Gloria Vance · World News AnchorI covered a rate meeting in Mumbai once. The chai was excellent and the governor would not look at me.
Kenji Moonfield · Internet & Trends CorrespondentGloria, that's not a policy signal, that's just a vibe check with biscuits.
Gloria Vance · World News AnchorMeanwhile U.S. futures are barely moving. S and P futures up point oh six, Nasdaq futures flat, Dow futures down point one one.
Kenji Moonfield · Internet & Trends CorrespondentSo India hikes, America yawns. Somewhere a bond trader is eating cereal with a ladle and calling it strategy.