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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Buy Bhusan Steel Ltd at around Rs.34-35, for short term targets of Rs.47-51. There are media reports that the Tata Group is on the fray to buy Bhusan Energy Ltd and pay up its debt. It recently concluded the acquisition of Bhushan Steel Ltd through an insolvency court for Rs.35,200 crore.
Tatas have offered Rs.500-Rs.600 crore to settle the loans of about Rs.2,500 crore of Bhushan Energy, the second company owned by Neeraj Singhal that is facing bankruptcy proceedings. Singhal’s flagship Bhushan Steel was sold to Tata Steel last month under the bankruptcy law. 
Bhushan Energy’s plant is located within the premises of Bhushan Steel’s plant at Meramandali, Dhenkanal district in Odisha and was built primarily to power the steel plant and therefore makes economic sense for Tata to bid for it, said senior bank officials. 

Buy the shares of Jet Airways Ltd at around Rs.381, for short term targets of Rs.491. That  OPEC has decided to increase production might push the crude oil  prices a bit, which has been moving up since some months. 

Those who are holding the shares of Rohit Ferro Tech Ltd (Rs.2.70) can continue to hold with a SL at Rs.2.40. The NCLT is in look out for a buyer. 

You can start accumulating the shares of 63 Moons Technologies Ltd near the support of Rs.77-78. However, the best price to enter the scrip is always near Rs.67-71 region. 

If you are looking for some additional inputs on stocks such as 3i Infotech Ltd (Rs.4.20), MBL Infrastructure Ltd (Rs.15), HDIL (Rs.22), etc you should join the Premium Services or trade through BMA Wealth Creators Ltd.

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