Top Headlines: RBI reverses Covid-era cuts, bond yields surge, and more

The six-member Monetary Policy Committee (MPC) of the RBI hiked the policy repo rate by 50 basis points to 5.4 per cent — a three-year high — owing to inflation concern. The sovereign bond market witnessed a sharp sell-off on Friday as the RBI’s unequivocal commitment to bringing down inflation came as a surprise to the market. Read more on these in our top headlines.

RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday hiked the policy repo rate by 50 basis points