Asia · Press ✓ 2 outlets
India's central bank raises rates for the first time in nearly four years
The Reserve Bank of India raised its policy rate for the first time in nearly four years as inflation picked up, the Business Times and CNA reported. Indian outlets reported a 25-basis-point rise in the repo rate to 5.50 per cent.
India is a major trading partner and a growing destination for Singapore investment.
Rising Indian rates may affect returns on India-focused funds.
Watch whether other Asian central banks follow.
DailyDrop Singapore edition No. 3 · Morning · WED., OCT. 7, 2026