BSE Sensex closes 0.59 percent lower after RBI rate hike
Published on 10/07/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
The BSE Sensex closed at 72,638.70 points on October 7, 2026, down 429.11 points, or 0.59 percent, as the Reserve Bank of India raised its repo rate and shifted its policy stance to calibrated tightening, according to Zee Business.
RBI decision drives the decline
The RBI's Monetary Policy Committee unanimously lifted the repo rate by 25 basis points to 5.50 percent, its first increase since February 2023. The committee also changed its stance from neutral to calibrated tightening, with four of six members supporting the shift, according to Moneycontrol.
Governor Sanjay Malhotra said future action would depend on inflation and growth conditions. Reuters reported that India's 10-year bond yield rose 5 basis points to 7.2655 percent after the decision, while the rupee traded near 96.36 per USD and the Sensex was down 0.7 percent at the time of its market reaction update, through Reuters.
Next session
The next regular trading session is Thursday, October 8, 2026, according to the published NSE and BSE calendar, cited by Quantsapp. TCS is scheduled to release its September-quarter results on October 8, according to Business Standard.
