Growth, rates, inflation, and policy, and what they do to company numbers.
Crude oil is India's single most important import. A change in its price travels through four channels: the current account, the rupee, inflation and the government's budget.
The yield curve is a line linking interest rates across different maturities. Its shape is the market's summary of where rates, inflation and growth are heading.
"The rupee fell" is not one piece of news. For an IT exporter it is a tailwind, for an airline a cost shock, and for a company with dollar loans a balance sheet problem.
On 7 October 2026, the RBI raised its policy rate by 25 basis points. For most companies that is a rounding error. For a heavily indebted one, it is the start of a much bigger story.
When the RBI changes rates, most people think about loan EMIs. For companies, rates arrive through four separate doors, and the one that matters most for share prices is often not the interest bill.
A fast-growing economy does not guarantee fast-growing company profits. Here is why the two numbers can drift apart for years, and how to compare them properly.