Views on Repo rate change and CRR hike?

It seemed unscheduled, but impending. 

RBI and people in the know had made it obvious that the hike was writing on the wall.

That it comes after almost two year pause; might be a bit unsettling…

but even their hands were tied https://economictimes.indiatimes.com/news/econo...

consumer price rise breached their own targets https://www.thequint.com/news/india/retail-inflation-surges-above-rbi-target-consumer-price-index-rbi

I kind of feel bad for those who took loans in recent times with floating rate EMI repayment option.

If the cost of borrowing for banks has to go up, they’ll immediately pass it on to such borrowers.

But overall, given the world geo-political situation and the likelihood of Uncle Sam (the Federal Reserve) too doing the same https://www.reuters.com/business/fed-raise-rates-aggressively-coming-months-say-economists-2022-04-11 today..

what are your views on the larger picture?

And whether these calculations will pay off in at-least arresting inflation, if not reducing it?