RBI MPC meeting LIVE: Jefferies India predicts Governor Sanjay Malhotra to announce a 25 bps rate hike

RBI reported movement of 25 bps. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

This is a Rate / liquidity policy event. Rate direction moves bank margins and the discount rate applied to every long-duration asset. The commentary usually matters more than the decision, which is often already priced.