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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Prime Minister steps up focus on infrastructure
Photo: India 272
New Delhi, Jul 27, 2014: With his party dragging the focus from development to aggressive Hindutva, Prime Minister Narendra Modi, who made it clear that the country needs “toilets not temples”, is all set to step on the gas. On Saturday, he not only launched a portal to directly interact with people to get ideas on governance and development, he met top babus of the infrastructure ministries with an aim to give the desired boost to the ongoing projects.

During his meeting with the secretaries of nine infrastructure ministries, Mr Modi deliberated on setting targets for 2014-15 and identifying key projects in sectors like road, power and railways.

According to sources, Planning Commission secretary Sindhushree Khullar made a 15-page presentation on the performance of core infrastructure ministries in 2013-14 and deliberated on the targets suggested by the ministries for the current fiscal.

Since Mr Modi took charge of the country, his government has been keen on speeding up infrastructure development and investment to boost economic growth, which remained at sub-5 per cent level in the previous two fiscals.

Secretaries and senior officials from nine infrastructure ministries were also present at the meeting on Saturday.

Courtesy: The Asian Age 

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