RBI's 2022-2023 tightening cycle (May 2022 - February 2023)
The RBI raised the repo rate by 250 basis points from 4% to 6.5% over 10 months to combat post-pandemic inflation that peaked above 7%.
Inflation moderated toward the 4% target as the hikes took effect.
The cycle established the rate level that preceded the current pause.
This was the last tightening cycle before the October 2026 hike.
