The Reserve Bank of India raised borrowing costs for the first time in over three years on Wednesday, as the Middle East war pushes up prices in Asia's third-biggest economy and weighs on an already fragile rupee. RBI points to higher inflation and energy costs as it shifts to ‘tightening’ outlook Key points and original sources are listed below.

• The Reserve Bank of India raised borrowing costs for the first time in over three years on Wednesday, as the Middle East war pushes up prices in Asia's third-biggest economy and weighs on an already fragile rupee.S1

• RBI points to higher inflation and energy costs as it shifts to ‘tightening’ outlookS2