In its quarterly review on Friday, the central bank hiked key interest rates by 25 basis points, taking the repo rate to 8.25% and reverse repo to 7.25%. While this move was expected by the market, it was the continued hawkish stance of the RBI that trimmed gains.
Don't miss: 12 hikes in 18 months: Is inflation limiting RBI options? The shocker came at the beginning of the week when IndiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
