RBI Monetary Policy 2023: It’s a 25 bps hike. RBI delivers final rate hike of cycle

RBI MPC meet : The RBI on Wednesday hiked repo rate, the rate at which it lends short-term funds to banks, by 25 bps, marking an end to the current rate hike cycle. Maintaining an accomodative stance, the RBI maintained its commitment to fight inflation.Since last May, the MPC has hiked the policy rates by 250 bps to fight a stubborn inflation. One bps is one hundredth of a percentage point. After staying above the 6 percent upper band for nearly a year, retail inflation started