Reserve Bank of India (RBI) Governor Sanjay Malhotra arrives to address a press conference after the monetary policy review at RBI headquarters in Mumbai on October 7, 2026. India's central bank hiked interest rates for the first time in more than three years on October 7, as the Middle East conflict stokes inflation in Asia's third-largest economy and batters a weakened rupee. (Photo by Punit PARANJPE / AFP via Getty Images)