Here is the full text of the bi-monthly monetary policy statement of RBI’s Monetary Policy Committee

10-year bond yield rose to its highest in 7 months after the minutes of RBI’s MPC cited upside risks to inflation as the main reason for leaving the repo rate steady at 6.25%

RBI executive director Michael Patra eventually decided to vote in favour of holding repo rate at 6.25% at the monetary policy committee’s 6 April meeting