RBI policy: From rate hike to inflation worries, here are 5 key takeaways

The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.

The six-member Monetary policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday unanimously voted to increase the policy rate by 50 bps, Governor Shaktikanta Das announced. Das said the upside risk to retail inflation persists, fuelled by the recent spike in tomato and crude oil prices.

Here are the five key takeaways from RBI's MPC meet:

Increase in repo rate

The Monetary Policy Committee of the RBI increased the policy repo rate by 50 basis points to 4.90 per cent with immediate effect. "The MPC also decided to remain focused on withdrawal of accommodation to ensure that