Business news · Economy · 04 Oct 2026
IN Financial Services Information Technology Oil Gas & Consumable Fuels
An IMF spokesperson told Business Today that US Federal Reserve tightening presses on emerging markets through capital flows, financing conditions and currencies, and that India's response can be to let the exchange rate adjust while monetary policy stays on domestic inflation. The Fund pointed to India's growth, its inflation-targeting framework, external buffers and healthy company and bank balance sheets. The comment came the day before the RBI's rate panel began its October 5-7 meeting.
The advice describes a trade-off that runs through listed sectors. A weaker rupee raises the rupee value of dollar revenue at IT services and pharma exporters, and raises the landed cost of crude for refiners, airlines and other fuel users at a time when Brent is near $100. For banks and non-bank lenders the question is how far the RBI leans on rates rather than reserves to steady the currency, since that sets funding costs. The IMF statement carries no policy weight on its own; the RBI announces its decision on October 7.
Reported by Business Today — “Fed rate hike impact: IMF tells India to let exchange rate act as shock absorber” ↗ on 04 Oct 2026.
NSE stocks, from the last close on or before 04 Oct 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | +0.8% | 78 of 125 | +1.4 pts |
| Information Technology | 40 | +7.1% | 32 of 40 | +7.7 pts |
| Oil Gas & Consumable Fuels | 19 | +0.3% | 11 of 19 | +0.9 pts |
| All tracked stocks | 804 | -0.6% | 356 of 804 | — |
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