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The rate hike cycle in FY23 began in May 2022, when RBI hiked the policy rate by 40 bps. This followed a 50 bps hike three times in a row between June to October policies, until RBI softened its rate hike to 35 bps in December 2022 policy.

Sonam srivastavaDeepak agrawalUmesh kumar mehtaEuropean central bankKotak mahindra asset management companyBank rateWright researchKumar mehtaEmkay globalSuvodeep rakshit senior economistKotak institutional equitiesJyoti prakashResurgent indiaRbi february policy expectationsRbi policy status quoRbi policy last rate hike