In early October 2026 I posted a series of X notes covering five separate topics: (1) the prospect of non‑U.S. owned satellite‑internet services entering the United States, (2) RBI’s new Export‑Driven Funding (EDF) reporting relief for freelancers and exporters, (3) a graphic showing India’s growth outlook, (4) RBI Governor Sanjay Malhotra’s comment that the rupee is overvalued based on the real‑effective exchange rate, and (5) a modest 0.25 % repo‑rate hike to 5.5 %. Regarding satellite‑internet, I noted: "Doubt America would allow China owned starlink competitors to operate in the US. If Starlink agrees to Indian govt oversight, they might be able to operate here."
The RBI repo‑rate after the hike is 5.5 %.
The repo‑rate increase was 0.25 %, moving the rate to 5.5 %.
Under the new EDF rules, exporters can issue invoices up to 10 lakh ₹ per bill without full invoicing; a self‑declaration suffices.
The current spot rate is 96.72 ₹ per $1.
Liquidity was described as “full up”, implying only a marginal boost to bank revenues on excess reserves.