RBI hikes Rate by 25 basis points
• RBI hikes repo rate and reverse repo rate by 25 basis points to 6.25% and 6% respectively, first rate hike since Jan 2014 • MPC maintains ‘neutral’ monetary policy stance, giving the committee flexibility to move in either direction • On Inflation: MPC Cites Sharp, Durable Crude Price Rise As Key Risk For CPI;…