RBI repo rate hiked by 25 bps to 6.50%......10 year GSEC yield is @7.35%

 

RBI repo rate hiked by 25 bps  to 6.50%

On expected lines, RBI settled for a smaller 25 basis points repo rate hike. Experts believe that this could be the last rate hike in the ongoing rate hike cycle. RBI increased the FY23 GDP growth estimate to 7% from 6.8% and expects the retail inflation to be at 5.6% in Q4. 

10 year GSEC yield is @7.35%