RBI repo rate hike: Inflation fears worse than imagined?

In a move to contain inflation, the RBI on Wednesday hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent.

The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das also raised the amount of deposits banks are required to maintain a cash reserve by 50 bps to 4.5 per cent to suck out Rs 87,000 crore of liquidity from the banking system.

This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo.
So, are these inflation fears worse than imagined? Are more rate hikes likely? Watch as panelists share their perspectives.