RBI repo decision on 7 October: 25 bps hike could lift car-loan EMIs
The RBI’s 7 October policy decision could raise the repo rate from 5.25% to 5.50%, affecting floating car loans. Here is what…
Read: RBI repo decision on 7 October: 25 bps hike could lift car-loan EMIs →
In this short
- RBI repo decision could raise EMIs — The 7 October policy outcome may affect floating car loans, but no hike is confirmed yet.
- Repo rate stands at 5.25% — The RBI current-rates page lists this level as of 1 October 2026.
- Polls point to 25 bps — Business Standard, ET and Reuters polls reported expectations of a move to 5.50%.
- Benchmark and reset date matter — Your loan contract decides whether the rate changes through the EMI, tenure or both.
- Calculate your loan impact — See the illustrative EMI math and the checks to make after the RBI statement.
- Get the full breakdown — Sources, numbers and what to watch next.