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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Government continue to build broad consensus on N-issue:Dr.Pranab Mukherjee:
Keep watch on Premier Explosives Ltd and other Defence related scrips:
New Delhi, India: Ahead of the UPA-Left meeting on the Indo-US civil nuclear deal, government on Tuesday said it will continue to build a ''broad national consensus'' on the issue to realise early the promise inherent in the initiative. Admitting that India had remained isolated from high-technology commerce due to its stand on nuclear energy, External Affairs Minister Pranab Mukherjee expressed the hope to resolve outstanding issues soon and clinch nuclear deal with several countries.
''We hope to resolve this soon and implement various agreements on civil nuclear cooperation,'' he said at the Annual CII National Conference here. Mukherjee said government would continue to build a broad national political consensus on civil nuclear cooperation so as to realise early the promise inherent in the initiative. Noting that the international landscape was undergoing dramatic changes, the minister said no great power on Tuesday pursues exclusive cooperation with others, or asks India to limit ties with others. In an apparent reference to Left parties' opposition to closer ties with the US, he said ''indeed increased cooperation with one power opens the doors further with others.''
The current world order is one of ''general un-alignment'', a de-hyphenation of relationships, and re-engagement amongst several major powers in informal alliances to deal with issues on the basis of convergence of interests, Mukherjee said. ''For the first time in India's independent history, we are now on an upward spiral of improving relations with all major powers,'' the minister said. [From Internet]

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