RBI Monetary Policy Live Updates: Benchmark indices bounced back on Friday after falling for the previous seven trading sessions, with the sensex climbing 1,017 points following the Reserve Bank of India’s (RBI) interest rate decision. The RBI on Friday raised the benchmark lending rate by 50 basis points to 5.90 per cent in a bid to check inflation, which has remained above its tolerance level for the past 8 months. Stay with TOI for all latest updates.