From crude oil to impact of MSP hike: RBI lists 8 key risks to inflation

The Reserve Bank of India (RBI) increased its key repo rate by 25 basis points to a two-year high of 6.50 per cent, in a move that is seen as an attempt to keep inflation under check. 

This is the second consecutive time the repo rate was hiked. In June, the repo rate was raised for the first time in over four years, by 25 basis points to 6.25 per cent. 

The August move came after the Consumer Price Index (CPI)-based inflation rate rose to a five-month high of 5 per cent in June, overshooting the Reserve Bank of India’s