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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#Music Broadcast  (Radio City) Ltd moved to Rs. 28.30, intraday. Book part profit and hold with a SL: Rs.27.60.

#Buy Jindal Steel and Power Ltd at around
Photo: UIhere
Rs.180.50, for short term targets of Rs.192/197, SL: Rs.177.
The company's domestic production of crude steel and related products for the quarter ended Dec. 31 stood at 1.61 million tonne, up 22% from the year ago period. The scrip is trading above its 50D, 100D, 200D, Exponential moving averages,  indicating a Bullish Trend.

#Now the Indian markets are trading in the Green. Sensex is at 41,224.46, up 109.08 points  (+0.27%); while the Nifty is seen at 12,137.50 up 30.60 points (+0.25%). Last time,  I checked,  I saw SGX Nifty was also up by 20 points. With Asian Markets trading mixed and NASDAQ up marginally,  we can expect the pre budget RALLY to gather steam as the day progressed.

#Strides Pharma Science Ltd today touched Rs.415. Book some profits and hold the rest with a SL at Rs.407.

#Buy the shares of Reliance Capital Ltd at around Rs.10.35/10.40 for short term targets of Rs.17/19. SL: Rs.9.
The two ADA Group (Anil Ambani) group shares Reliance Infrastructure Ltd (Rs.21.45) and Reliance Power Ltd (Rs.2.20) is on the upper circuits.  Hence, this scrip can't remain in isolation.
Meanwhile,  Global distressed asset buyers are picking up Reliance Capital’s junkrated debt securities following an assurance by its home finance unit that 98% of retail debenture holders will get their money back, dealers said. Reliance Capital bonds worth ₹565 crore changed hands in the secondary market in seven transactions at 70% discount this week.

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