# India, October 2026: overnight bank rate rises above the 5.50% repo rate · FactIQ

> India's weighted average overnight call money rate rose to 5.69% in the week to 23 October, above the 5.50% repo rate. The rupee closed October at 95.25 per US dollar after an October rate hike.

- Date: 2026-10-31 · published 2026-11-01T06:11:37.861Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/4318-india-october-2026-overnight-bank-rate-rises-above-the-5-50-repo-rate-factiq
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Tighter bank funding raises borrowing costs across the economy, which can slow credit-dependent activity such as livestock and feed trade. The currency effect is also relevant to import costs.

## Sources

- factiq.com: https://www.factiq.com/updates/india-october-2026-overnight-bank-rate-rises-above-the-5-50-repo-rate-1361

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.