The Repo Rate Hike: Inflation Gave the Cover, the Rupee Gave the Reason

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence RBI Policy Decoded The Repo Rate Hike: Inflation Gave the Cover, the Rupee Gave the Reason The RBI raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. With the rupee at ₹96.78 to the dollar, the Fed at 3.75–4.00 percent and bank credit growing near 18 percent, the fuller story is bigger than August CPI of 4.8 percent. The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. It is the first hike since February 2023, and the stance has moved from neutral to calibrated tightening. The rate decision was unanimous. The Governor cited inflation. The Monetary Policy Committee said the inflation outlook is no longer as comfortable as it was last year, and near-term rate cuts were taken off the table. That is the official story, and it is not wrong. But it is incomplete. Look at what surrounds the decision: a rupee near its record...
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Copper Mine closure in Latin America..

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Mexico OKs request to close copper mine:- Mexican labour authorities approved Grupo Mexico SA's request to close the La Caridad copper mine and cancel the collective contract after a three-month strike, a company official said Friday. Juan Rebolledo, vice president for international affairs for Grupo Mexico, said the labor arbitration board approved the closure of the mine in northwestern Sonora state, and that the company can now cancel the contract which involves at least 1,200 unionized workers. About 700 nonunion staff and 800 contract workers also will be affected, although the company can later reopen the mine with other workers once the facilities are restored to its control, Rebolledo said. Union workers at La Caridad went on strike March 24 and have refused to negotiate unless the government recognizes Napoleon Gomez Urrutia as the leader of the 250,000-member National Mining and Metal Workers Union. The government has so far rejected union notifications ratifying Gomez Urrutia, who has been accused of misappropriating US$55 million (euro43.4 million) in union funds. Fallout: This will have a positve effect on the Copper Counters .... Courtsey: Inputs from the Internet. Best wishes, Suman Mukherjee India. http://finance.groups.yahoo.com/group/SumanSpeaks/

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