Ultra-short-term borrowing costs spike; premium over policy rate hits 4-year high

Economic Times - Oct 14, 2026

The Reserve Bank of India hiked rates for the first time in nearly four years last week and shifted its stance, signalling more increases, while Governor Sanjay Malhotra on Tuesday said monetary policy cannot be seen as separate from financial stability, prompting traders to ramp up rate hike bets.

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