RBI's Repo Rate Hike

It will also maintain liquidity so that govt borrowing doesn't push yields up

Even as market rates have fully reflected the rate cuts, companies are not necessarily in the mood for borrowing, as they face a slump in consumption demand and investment in the country

Interestingly, even with RBI's neutral stance, interest rates for a number of instruments had already started hardening

Apart from the new stance on inflation and the attempt to pre-empt it, the other surprise was the unanimity in the decision, something rarely seen in the past