The Reserve Bank of India raised its repo rate by 25 basis points to 5.5% and shifted its policy stance to “calibrated tightening,” aligning with a broader global tightening cycle. The central bank expects headline CPI inflation to average 5.8% over the next three quarters, while core CPI is projected at 4.4% for financial year 2027. Despite global economic uncertainty, it lifted its financial year 2027 GDP growth forecast to 7.1% from 6.7% and adjusted its quarterly projections.

ORCA rose 27.90% in 24 hours as turnover reached 1.29x market cap, while the wider crypto market declined.

SpaceX is reportedly seeking $40 billion in financing to buy Nvidia chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with completion expected during 2027. The company’s second-quarter revenue rose 92% year over year to $7.81 billion, while adjusted EBITDA jumped 191% to $3.54 billion. Analyst Daniel Ives initiated coverage with an Outperform rating and a $225 price target.

NMR gained 37.88% in 24 hours after KRW and USDT markets opened, while USD 166.92 million of volume lifted turnover to 1.42x market cap.

Nifty 500 constituents opened mixed, with PTC Industries rising more than 4% and hitting a record high after launching a QIP to raise up to ₹1,800 crore. Titan Company fell even after releasing a strong second-quarter business update. Chennai Petroleum gained as much as 4.5% and was up more than 73% since the beginning of the year, while Prime Focus dropped more than 5%.

HSBC is planning sweeping job cuts in its UK wealth management business, with about half of management and specialist roles set to go and reductions among financial advisers potentially reaching around 70%. The move is part of new Chief Executive Georges Elhedery’s AI-focused strategy since he took over in 2024, aimed at simplifying operations and improving efficiency through technology. The overhaul is expected to significantly reshape how the bank delivers wealth management services in the UK.

Credit-scoring company Fair Isaac (FICO) said it will cut nearly 15% of its workforce, affecting about 570 employees, as part of a broader restructuring focused on AI. The company said the changes are intended to speed up operations and bring new products to market faster. It said the shift should help it “operate and bring innovations to market faster,” according to Reuters.

About 1.6 billion XRP has flowed into Binance over the past 30 days, marking the highest monthly inflow since March, according to CryptoQuant. Over the same period, Binance led September XRP futures trading volume at about $32.36 billion, ahead of Bybit at roughly $12.5 billion and OKX at around $11.32 billion. Analyst Ali Martinez is watching the $1.50 level and says that if it holds as support, XRP could have room to move toward $1.62.