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

By -
Image
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...
Post a Comment
By -
Industrial output exceeds expectations, up 7% in July
Sicagen India Ltd, XL Telecom and Engineering Ltd, Pyramid Saimira Theatres Ltd (PSTL), etc. hit the Buyer Freezes.
Refex Refrigerants Ltd also hit the Buyer Freeze. The company is into manufacturing and marketing of Refrigerant Gases. It is a huge company having a number of Indian/domestic and overseas subsidiaries.
The company has following Overseas Subsidiary Companies
(i) Kaltech Refrigeration & Engineering PteLtd, Singapore
(ii)Global Refrigerants (s) Pte Ltd., Singapore
(iii)Sherisha Technologies(s) Pte Ltd, Singapore
The government today announced that industry output, as measured by the index of industrial production (IIP), grew 7 per cent in July, the same as the corresponding period in 2008, taking analysts by surprise as much for the magnitude of the growth as the early data release. The announcement was made by Commerce and Industry Minister Anand Sharma while announcing the new foreign trade policy and was unexpected because the July IIP numbers were scheduled only in the second week of September.
Analysts were also expecting a sharp fall in IIP for July, given the meagre 1.8 per cent growth in the core sector, which accounts for 27 per cent of IIP, data for which was released yesterday. Although the IIP grew a steep 7.8 per cent in June, the figure was considered an aberration.
July's 7 per cent growth indicates that the decline in factory production has been arrested and adds to hopes of economic recovery.
Sharma attributed the 7 per cent growth to fiscal and monetary measures by the government and the Reserve Bank of India. “These measures have had a salutary effect on our economy,” he said.
The growth in IIP is estimated to have come from the double-digit growth in two-wheeler and car segments and consumer goods production. "While industry data for July is buoyant, with two-wheelers up 18.2 per cent, cars up 29.1 per cent, commercial vehicle up 5.1 per cent, we expect the July IIP to come lower at 5 per cent levels versus the surprisingly high 7.8 per cent reading in June," said Rohini Malkani, economist, Citi India, in a report yesterday.
The growth in output of consumer non-durables comprising items like cars and appliances was flat in June, even as the quarter production decline d 4.6 per cent. Overall consumer goods production rose 3.8 per cent in June, aided by a 15.5 per cent expansion in consumer durables output. Segregated figures for July were not available.

Comments

Post a Comment

Popular posts from this blog

By -
Image
Critical Red Flags at Rajesh Exports Ltd – Shift to Z Group Signals Deep Governance Issues. ~Sumon Mukhopadhyay. ------------------------------------ Company: Rajesh Exports Ltd (Rs.180.35). Date: January 5, 2026. Subject: Non-Compliance Leading to Z Group Classification and Investor Risks. =============== Executive Summary: A Major Regulatory Warning: As of early January 2026, Rajesh Exports has been reclassified into the Z Group (BZ Series) on both BSE and NSE. This punitive category is reserved for companies with serious compliance failures. The primary trigger: Persistent delay in submitting the Reconciliation of Share Capital Audit Report (required under Regulation 76 of SEBI's Depositories and Participants Regulations) for multiple consecutive quarters, including those ended June and September 2025. This isn't just administrative oversight—it's a serious red flag indicating potential mismatches between issued shares, demat holdings, and company record...
Read more
By -
Image
Hikaru Nakamura and Atousa Pourkashiyan: A Checkmate in Love – A Grand Union Forged on the 64 - Squares.... Introduction: Hikaru Nakamura, a name synonymous with modern chess, is a prodigy-turned-legend whose brilliance has redefined the contours of the game.  A five-time U.S. Champion, his fearless strategies and dynamic online presence have made him an unparalleled force in the chess world. In 2023, however, the grandmaster made headlines for a personal milestone: his marriage to the courageous and equally accomplished chess player, Atousa Pourkashiyan. Atousa, a Women's Grandmaster (WGM), is a celebrated chess player and a symbol of resilience. Her bold decision to compete without a hijab during the 2022 World Rapid and Blitz Championship became a landmark moment in the global spotlight. This act was a direct expression of solidarity with the Mahsa Amini protests in Iran, where women have continued to fight against oppressive mandates, demanding the freedom to choose their attir...
Read more
By -
Image
SYRMA SGS Technology Ltd (Rs.611); P owering Growth Through Data Centers and Medical Devices with Its New Pune Facility. Introduction : Syrma SGS Technology Ltd (Rs.611) is making strategic moves in high-growth sectors such as data centers and medical devices, positioning itself as a leader in the electronics manufacturing industry.  The company's newly inaugurated Pune facility is set to become a key driver of revenue growth and market expansion. This development not only supports Syrma’s commitment to the data center and healthcare industries but also enhances shareholder value through innovation and scalability. Photo : Business Line. ---------------------------------- Key Facility Details: Revolutionizing Operations Facility Scale: Spanning 26.5 acres, the new campus is designed to support 1.20 million square feet of manufacturing space, with 60,000 square feet operational in Phase 1. Investment : ₹150 crore in Phase 1, with further investment planned to scale operations. Job C...
Read more