"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." – Warren Buffett   RBI continued the momentum it started in May 2022 and raised its repo rates by another 50 basis points to 5.9%. Prior to RBI, US federal bank had increased its policy rates to 3.25%. Since March it has increased its policy rates by 3% while RBI raised by 1.9% during the same period.   Usually the primary reason for raising repo rates is to control inflation by reducing money supply in the economy . Inflation that had remained below 2% for almost over a decade in USA, suddenly started rising in 2021 and reached 9.1 in early 2022. For India also inflation reached 7.79 in April 2022 before offering some relief. For August it was 7% for India whereas US recorded 8.3%. For UK and other developed economies this figure is more disturbing.   For many countries other than US, another worry...