As anticipated, RBI increased the repo rate by 25 basis points to 6.5%. The MSF rate will remain at 6.75%. Inflation is expected to be 6.5% in FY23, according to RBI Governor Shaktikanta Das. In order to ensure that inflation stays within the acceptable range and steadily approaches the target, the MPC will continue to keep a close eye on the changing inflation forecast, RBI Governor and MPC Chair Shaktikanta Das said when announcing the policy changes. It is time to consider how monetary policy has evolved, according to RBI. Unprecedented events of last few years have put monetary policy to test