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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    PVR confirms interest in Cinemax
Delhi-based multiplex major PVR Ltd has announced on Tuesday that it was in in talks with Cinemax for a possible takeover.
PVR informed the exchanges, “it is engaged in active discussions with the promoters of Cinemax India Limited for a potential purchase of their shares in Cinemax India Limited.
Similarly, Cinemax issued a statement, saying the company had been informed by its promoters that they were engaged in exclusive discussions with PVR Limited for a potential sale of their shares in the company.
Sources close to development said that Cinemax is expected to earn a revenue of Rs 450 crore in this fiscal and the valuation would be close to Rs 600-700 crore.
Cinemax, promoted by Kanakia Group, which has interest in real estate also, had recently demerged its exhibition and properties business into two different companies and listed the cinema exhibition business under Cinemax India Limited (CIL), as a precursor to a possible sale.
As on October 18, the promoters own 69.27 per cent stake in Cinemax.
The question that will remain in front of PVR is, if they go after Cinemax, they will have to trigger a open offer.
Cinemax India, operates 39 properties with 138 screens. One of the dominant players in Mumbai it operates 14 Locations with 45 screens in and around Mumbai. Out of Mumbai it has 25 properties and 93 screens.
At present, PVR currently operates 210 screens across India, including one IMAX in Bangalore. The company has aggressive plans to increase the count to 500 screens, Nitin Sood, CFO of PVR had told Business Standard in an interview.
Competitors Inox Leisure with Fame India, where it owns majority stake, has 256 screens, while Big Cinemas operates 254 screens in India.
Recently, Reliance Media & Entertainment Fund had also acquired 1.6 lakh shares in Cinemax India Ltd, for and aggregate sum of over Rs 1.22 crore. So will it also go for hostile bid? Answers a senior official of a multiplex chain, “It is unlikely that Reliance will go after Cinemax like it went after Fame. The promoter holding in Cinemax is way to high.”
Cinemax shares jumped 1.83 per cent on BSE to touch its new high and closed at Rs 175.50 on Tuesday. PVR shares, however, dropped 3.42 per cent to close at Rs 236.90 apiece.

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