BILKUL BAZAAR— The Daily News Wrap

Bilkul Bazaar

National Business News Highlights

1. RBI raises repo rate to 5.50%
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, marking its first rate hike in nearly four years.

2. RBI raises FY27 growth forecast to 7.1%
The RBI raised India’s GDP growth projection for FY27 to 7.1%, while revising its inflation projection to 5.2%.

3. Rupee slips close to record low
The Indian rupee weakened to around ₹96.85 against the US dollar despite the RBI’s interest-rate hike, remaining under pressure from global factors.

4. Sensex falls 429 points; Nifty ends near 22,600
Indian stock markets ended lower as investors reacted to the RBI’s monetary policy decision, elevated crude oil prices and uncertain global cues.

5. World Bank raises India’s FY27 growth forecast
The World Bank raised India’s FY27 economic growth forecast to 7.1%, supported by resilient domestic demand and economic activity.

6. Centre approves ₹10,000-crore SME Growth Fund
The Union Cabinet approved a ₹10,000-crore fund aimed at providing equity support to small and medium enterprises and encouraging expansion and technology adoption.

7. Adani Power signs pact for Bhutan hydropower project
Adani Power and Bhutan’s Druk Green Power Corporation signed an agreement to develop a 770-MW hydropower project.

8. Passenger vehicle retail sales jump 32.1%
Passenger vehicle retail sales in India increased 32.1% year-on-year in September to around 4.27 lakh units.

9. India’s services activity strengthens
India’s services sector recorded stronger growth in September, supported by robust new orders and domestic demand.

10. Russia-bound export cargo faces disruption
Processing of Russia-bound export cargo at Adani-operated airports was halted, reportedly affecting shipments including pharmaceuticals, machinery and spare parts.

International Business News Highlights

1. IMF flags energy, debt and AI-related risks
The International Monetary Fund warned that high energy prices, growing public debt and rapid AI investment could pose risks to the global economic outlook.

2. Global oil inventories come under pressure
Energy industry executives warned that accessible global oil inventories have fallen significantly, making markets more vulnerable to supply disruptions.

3. US EIA raises oil-price forecasts
The US Energy Information Administration raised its oil-price forecasts for 2026 and 2027 amid tighter inventories and concerns over global energy supplies.

4. Global markets retreat amid rising oil prices
Major international stock markets came under pressure as higher oil prices, geopolitical tensions and concerns over government finances weighed on investor sentiment.

5. Vietnamese banks plan nearly $7 billion in share sales
Banks in Vietnam are preparing share sales worth nearly $7 billion as lenders seek additional capital to support expansion in the fast-growing economy.

Daily Quote of the Day

“The world economy is caught between an energy supply shock and an AI demand boom.”

— Kristalina Georgieva, Managing Director, IMF

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