No rate cuts in future? Only rate hike or pause? What RBI Governor Sanjay Malhotra said; what it means for Sensex, Nifty

RBI MPC meeting October 2026: On Wednesday, RBI Monetary Policy Committee (MPC) unanimously increased the repo rate by 25 basis points to 5.5%, from 5.25%, as widely expected, marking the RBI’s first rate hike in four years.