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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Govt gives nod for Rs 10,000-cr development plan for Mumbai airport
By TBM Staff | Mumbai
Chhatrapati Shivaji International Airport
The Maharashtra government has given approval to the development plan for Chhatrapati Shivaji International Airport (CSIA), Mumbai. The gazette notification for the interim development plan, which was to be implemented between 2010 and 2013, was issued last week. The project is estimated to cost Rs 10,000 crore and includes development of terminals, airside and part of landside, Clara Lewis reported in The Times of India. The plan does not include drains, metro, etc. "Maintenance, augmentation, development of city-level infrastructure networks and services, and related future projects within CSIA-notified area need to be funded by local authorities, the state government and private agencies,'' the plan states.

Only slums spread over 104 acres on the Eastern side will be shifted for expansion of the aeronautical area. This area is spread over Kurla, Kirol, Mohili and Asalfa. A major portion is to be developed as green open space, particularly along and below the flight path.

There is a question mark over the shifting of those residing in the slums as the airport developer cancelled its agreement with Housing Development & Infrastructure Ltd (HDIL) last week. HDIL was to construct flats for the rehabilitation of the slum dwellers. The Mumbai Metropolitan Region Development Authority (MMRDA) had appointed HDIL, and will now have to take a decision on who will build the flats.

With the slums unlikely to be shifted at least till after elections, MIAL sources said it would partially affect Phase II of the plan, especially the construction of the South-East pier (aerobridges). Phase I (South-West pier) will be completed by the year end, said sources.
 

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