Here are the top stories this evening:

RBI Monetary Policy: Rate hike to UPI for credit cards, key takeaways from Guv Das' speech

The six-member Monetary Policy Committee headed by the Reserve Bank of India (RBI) Governor Shaktikanta Das on June 8 unanimously raised the repo rate, the key policy rate at which the central bank lends short-term funds to banks, by 50 bps to 4.90 percent. Take a look at Top 10 highlights from RBI Governor Shaktikanta Das' monetary policy speech:

Read here to know more

Failure this year, lower inflation next year – RBI thinking beyond 2022

The central bank's latest inflation forecasts show headline retail inflation will average more than 6 percent in all four quarters of 2022, which means it will fail to meet its inflation mandate. Why could the RBI be looking beyond 2022 and into next year? Because, it can't do much about the upcoming inflation prints.

Read here to know more

Markets end lower as RBI withdraws 'accommodative' stance

The Indian equity benchmarks closed lower again on June 8, as the RBI expectedly raised the repo rate by 50 bps to 4.9 percent but its “withdrawal of accommodative stance”, indication of further rate hikes and an upward revision of inflation forecast for FY23 weighed on sentiment.