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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Rohit Ferro Tech Ltd which was repeatedly recommended in this blog from Rs.8.40 till Rs.7.5, during the last couple of weeks today made an intra-day high of Rs.8.90 and is now trading at Rs.8.75. This time the target of the shares of the company is Rs.12-14, hence do not sell them in a hurry. According to the website of Rohit Ferro Tech Ltd, the group now has a total installed capacity of 2,74,583 mtpa. Interestingly, it takes about $1 billion (Rs. 6,000 crore) to build one mtpa capacity.  In January, last year, the government-owned Steel Authority of India Ltd (SAIL) said it would expand its capacity to 24 mtpa, by adding 10 mtpa at a cost of Rs.60,000 crore. And, that further expansion to 50 mtpa by 2025 would cost Rs.170,000 crore or Rs.6,500 crore per mt. Now you can calculate the enterprise value of Rohit Ferro Tech Ltd. Meanwhile, the company is also setting up a 67 MW Captive Power Plant at its jajpur unit to feed its energy requirements. In an attempt to forward-integrate, RFTL has set up a 100,000 TPA Stainless Steel manufacturing facility at its Bishnupur unit and the capacity utilisation is being enhanced in phases. On the side of backward integration, RFTL has acquired economic interest in coal mines in Indonesia securing thermal and coking coal requirements of its manufacturing facilities. Hence, in all probability the scrip will reach the short term targets and hence buy and keep holding.
Have you all entered Jindal Saw Ltd (Rs.81.70), which I recommended yesterday....? This time the target is Rs.92-110. Hence board the train and enjoy the journey. No infrastructure development is possible without creating a corresponding demand in the SAW pipes. Hence, infra-development and Saw Pipers are synonymous....Also, it is from the reputed O P Jindal Group. Savitri Jindal, the richest woman in the country, is the chairperson of the multi-billion rupee OP Jindal group that has interests in the steel, power and mining sectors. First named the country's richest woman in 2008 by Forbes, she has retained the position in the October, 2014 issue of the respected business magazine. She has been placed 12th in the list of India's richest, with a net family worth of $6.4 billion (Rs 395 billion).
Today Reliance Capital Ltd touched Rs.488, in a market when the Nifty is down 106 points. The stock was recommended in this blog, at Rs.474.
Today Firstsource Solutions Ltd touched Rs.30,10 and is  now trading around Rs.29. With INR at around Rs.61, the IT companies are expected to take in mollah from export market. This Rs.10, FV, scrip is from the reputed CESC group of Kolkata (Calcutta).  
HDIL Ltd recommended in this blog around Rs.67-68, today touched Rs.110, intra-day. With this all my short term targets have been achieved for the scrip. 

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