Watch out for these penny stocks locked in the upper circuit on December 07 Watch out for these penny stocks locked in the upper circuit on December 07 RBI raised the repo rate by 35 basis points to 6.25 per cent, with the GDP forecast cut, the RBI governor kept the inflation forecast steady. Kaustubh Bhosale / Wednesday, December 7, 2022 / Article rating: 3.6 There was no signal that the rate hike cycle is coming to an end from the RBI governor.