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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Market Pulse
Key benchmark indices traded with modest gains in mid-afternoon trade tracking firmness in European stocks. At 3.26 pm the Sensex was seen trading 33,204.64 up 138.23 points or 0.42% while the Nifty was trading at 10,184.55 up 53.90 or 0.53%.

Market sentiment remained positive on strong global cues amid reports of trade negotiations between the United States and China, which eased fears of a trade war and improved investors' risk appetite.

Key indices opened the session on a higher note on positive global stocks. Indices trimmed gains in morning trade and hovered with small gains in mid-morning trade. Indices hit intraday lows in early afternoon trade before recovering some intraday gains and trading range bound in mid-afternoon trade.

Among secondary indices, the S&P BSE Mid-Cap index advanced 1.18%. The S&P BSE Small-Cap index gained 1.47%. Both these indices outperformed the Sensex.

Overseas, European and Asian stocks advanced after Wall Street rebounded in previous trading session amid a slight easing in trade tensions. US stocks closed sharply higher yesterday, 26 March 2018, bouncing back from strong losses in the previous session as trade tensions between the US and China appeared to ease.

Closer home, the broader market depicted strength. On the BSE, 1,841 shares advanced and 704 shares declined. A total of 137 shares were unchanged.

Auto stocks were mixed. Eicher Motors (up 2.24%), Maruti Suzuki India (up 0.8%), Ashok Leyland (up 0.35%) and Tata Motors (up 0.29%) gained. Bajaj Auto (down 0.96%), Hero MotoCorp (down 0.53%), TVS Motor Company (down 0.43%) and Mahindra & Mahindra (down 0.31%) edged lower.

Aviation stocks surged. Jet Airways (India) (up 4.75%), InterGlobe Aviation (up 2.57%) and SpiceJet (up 1.16%) advanced.

Kalpataru Power Transmission gained 1.53% to Rs 470.45 after the company announced that it has secured new orders/notification of award of Rs 901 crore. The announcement was made during market hours today, 27 March 2018.

On the political front, voting for the Assembly elections in Karnataka will be held on 12 May 2018, and the results will be out on 15 May 2018.

Meanwhile, the no-confidence motions moved by various opposition parties against the ruling National Democratic Alliance (NDA) have not been taken up even today as both the houses of Parliament were adjourned for the day. Ever since the second half of the Budget session commenced from March 5, the Parliament has been adjourned over vociferous protests from the opposition parties over a range of issues like PNB scam, Cauvery water board and Andhra Pradesh special category status.

Today's Calls to the Premium Members:
#Buy the shares of Inox Wind Ltd at around Rs.108-109, T; Rs.181, SL: Rs.97. 

#Buy the scrip of Steel Authority of India Ltd (SAIL) at around Rs.71, T: Rs.82, SL: Rs.67.

#Buy the stocks of UPL Ltd at around Rs.734; SL :Rs.716; T: Rs.761 on T+2 basis.

~~With inputs from Capital Market - Live News..

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