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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Maytas Infra diverted public money to group entities: govt NDTV Ltd could also be doing the same. SEBI or Government should enquire the matter immediately, to save the shareholders from predators:
The government has alleged that Maytas Infra has diverted money raised from public to the group companies owned by kin of disgraced founder Chairman of scam-ridden Satyam B Ramalinga Raju.
"Substantial funds (raised through IPO by Maytas Infra) received in company's books of accounts have been diverted to group companies, associate concerns and subsidiaries. Most of the investments made are in the nature of interest-free loans and advances against the share application money," said the government in its petition before the Company Law Board (CLB).
The government's petition seeking dismissal of the existing board of Maytas Infra will come up for hearing on February 26.
The company had earlier raised Rs 327.45 crore through a public issue and charged a premium of Rs 360 on shares of face value of Rs 10 each.
The government also said that B Rama Raju, son of Ramalinga Raju, had admitted before the authorities that he had prior knowledge of the sale of Maytas Infra to Satyam, a deal which was aborted following pressure from Satyam shareholders.
The government further said in its petition that the "corporate veil" of the company should be lifted to see who are the persons in control of the affairs of Maytas Infra. "It will throw light on the present state of mismanagement, gross negligence and persistent financial irregularities into the running affairs of the company."

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