Monday, October 05, 2026 — RBI hike bets build, RBI likely intervening to support rupee, and September IPOs pulled $1B FPI while listed India saw record outflows.

RBI likely to hike repo 25 bps to 5.50% in October policy, per ET Poll. Markets are betting on it as inflation and oil risks mount. That’s higher-for-longer, not a pause. RBI intervention to support rupee is the tell. Traders say they’re in. The issue is oil and imported inflation — if crude stays bid, the RBI has to hike and defend FX at the same time. September IPO rush drew $1B FPI even as listed stocks saw record outflows. Good signal for primary market demand, bad signal for secondary liquidity. Watch the S-1 pipeline and anchor books. Sebi got 20k comments on Closing Auction Session, timings, and derivatives settlement methodologies. Regulation risk for F&O and closing prints. This changes liquidity, not just paperwork. Korea’s first homegrown GLP-1: Hanmi’s Eppe could undercut Mounjaro and Wegovy. If pricing lands right, this is a real competitive threat in the fastest-growing pharma trade. Cross-border arms network busted in Punjab, AK-47s and grenades seized. Geopolitics on th

RBI likely to hike repo 25 bps to 5.50% in October policy, per ET Poll. Markets are betting on it as inflation and oil risks mount. That’s higher-for-longer, not a pause.