FEMA & RBI
RBI's 10 October currency-market package opens a special dollar window for state oil companies and imposes a new 20% cash Foreign Exchange Risk Reserve on FX hedges above USD 2 million, alongside a cut in the no-underlying-exposure derivative threshold from USD 100 million to USD 5 million -- both circulars primary-verified.
Markets
MoSPI's September 2026 CPI release put headline retail inflation at 5.54%, a 23-month high, driven by a narrow set of volatile food items (onion +108% YoY) rather than a broad-based price surge -- landing six days after the RBI's repo rate hike.