💹 *Daily Business Briefs | Thursday, 08 Oct 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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🏦 *RBI hikes repo 25 bps, turns hawkish*

Repo rate rises to 5.5%, the first hike since Feb 2023; the MPC was unanimous on the hike and voted 4-2 to move to calibrated tightening.

Near-term cuts are off the table, so rate-sensitive sectors face a higher-for-longer path.

📎 _Read: Business Standard_

https://www.business-standard.com/finance/news/rbi-policy-highlights-repo-rate-rises-25-bps-as-inflation-risks-broaden-126100700304_1.html

📉 *G-sec yields jump to 7.27%, rupee slips*

Bond yields rose to 7.27% and the rupee declined after the 25 bps hike.

The stance change has repriced the curve, a watchpoint for bank treasuries and NBFC funding costs.

📎 _Read: Business Standard_

https://www.business-standard.com/markets/news/bond-yields-rise-to-7-27-rupee-declines-as-rbi-hikes-rates-by-25-bps-126100700329_1.html

📈 *RBI lifts FY27 inflation forecast to 5.2%*

GDP growth is projected at 7.1%, with headline CPI seen averaging nearly 5.8% over the next three quarters.

Risks flagged: a deficient monsoon, El Nino and the unresolved West Asia conflict.

📎 _Read: Business Standard_

https://www.business-standard.com/finance/news/rbi-mpc-raises-fy27-inflation-forecast-to-5-2-projects-gdp-growth-at-7-1-126100700283_1.html

⚡ *Venezuelan oil imports at seven-year high*

Kpler estimates October deliveries at about 465,000 bpd, up from 196,000 in September and the highest since Dec 2019 if cargoes arrive on time.

Steep discounts are drawing refiners like Reliance while Russian supplies get costlier, aiding crude diversification. _(substituted: BusinessLine blocks direct access; verified via Business Standard)_

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/reliance-drives-india-s-venezuela-oil-imports-to-seven-year-high-in-oct-126100700608_1.html

🛣️ *CPSEs hit 51% of FY27 capex target in H1*

Capex by 63 CPSEs rose nearly 12% YoY to about ₹4.30 trillion in April-September, against an annual target of ₹8.43 trillion, despite a 17% fall in September outlays.

Railways and NHAI drove most of the spending, a supportive signal for the public capex and infrastructure pipeline.

📎 _Read: Business Standard_

https://www.business-standard.com/economy/news/cpses-achieve-51-of-fy27-capital-expenditure-target-in-first-half-126100701164_1.html

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🌍 *GLOBAL & WORLD*

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📉 *US 30-year yield hits 5.70%, highest since 2002*

The long bond climbed 5 bps on Wednesday as the global bond selloff deepened.

Higher global yields tighten financial conditions and pressure emerging-market flows, including India.

📎 _Read: NDTV Profit_

https://www.ndtvprofit.com/markets/us-30-year-yield-hits-5-70-highest-since-2002-as-bond-selloff-deepens-12150615

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_Compiled by InvestoScope · 08 Oct 2026_