RBI MPC meeting Oct 2026: No rate cuts in future? What RBI Gov Sanjay Malhotra said; what it means for Sensex, Nifty

What happened: The RBI MPC unanimously raised the repo rate by 25 basis points to 5.5%, its first hike in four years. Governor Sanjay Malhotra said near-term rate cuts are unlikely, and the next move could be a hike or a pause. Key numbers: Repo rate 5.5%, up from 5.25%. Sensex closed down 0.58% at 72,644.63. Why it matters: Analysts said the guidance removes the hope trade for rate cuts, putting a floor under the policy rate and making valuation support depend on earnings. Rate-sensitive banking, NBFC, auto and real estate segments may face pressure.

RBI MPC meeting signals no future rate cuts, impacting Sensex and Nifty.

RBI MPC meeting signals no future rate cuts, impacting Sensex and Nifty. — impact context not separately stored; see What changed.