The Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC), headed by Governor Shaktikanta Das, has raised the repo rate by 35 basis points (bps) to 6.25%, to curb lingering inflation pressures. The hike in repo rate was in line with street expectations. Besides, SDF rate stands at 6%. Meanwhile, MPC has maintained its stance of focusing on the ‘withdrawal of accommodation’.