RBI Monetary Policy Live Updates: RBI hiked benchmark lending rates for 4th time in a row on Friday. The Reserve Bank’s rate-setting panel on Wednesday started deliberations on the keenly awaited monetary policy to check inflation and improve foreign capital inflow to arrest declining value of rupee against the US dollar. The RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May but inflation continues to remain stubbornly high – a phenomenon that is affecting much of the global economy. Stay with TOI for all latest updates.