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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Central Bank of India Unveils 'Wonder Card' in Bihar
Public-sector bank, Central Bank of India has unveiled 'Wonder Card', a new debit-cum-credit card, for the benefit of salaried customers in Bihar. This new card will allow a customer to withdraw a fixed amount in excess of his salary which will be adjusted in salary head in the next month with interest at the bank's base rate at 10.25%, in addition to 4% interest.

 A Wonder Card holder with a salary of up to Rs 25,000 per month can withdraw a surplus amount of Rs 10,000 against his salary amount, while one with Rs 60,000 salary could withdraw Rs 25,000 surplus amount, while with salary of more than Rs 60,000 per month could withdraw up to Rs 60,000.

 Central Bank of India has 4,300 branches and 2,500 ATMs with a Pan India presence of all the branches connected under the CBS platform. The bank has a business turnover exceeding Rs 4 lakh crore.

Courtesy: Indian-Commodity

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