What to know

• The repo rate hike could increase borrowing costs for banks and may lead to higher lending rates for customers and also affect loan demandsS1
• Repo Rate Hike RBI EMIS2
• The MPC decided to change the monetary policy stance from neutral to calibrated tighteningS3
• The RBI raises the repo rate to make people borrow and spend less in order to slow down runaway inflation - or rising pricesS4