This is for the eighth time that RBI has raised the key rates since March 2010.
Sensex was red as banking, IT, auto, realty and auto stocks led the fall.
India Inc on Thursday said the continuous monetary tightening by the Reserve Bank will affect "adversely" growth prospects of the country.
The Planning Commission on Thursday said the Reserve Bank has taken the "right" step in hiking key policy rates by 25 basis points as inflation is above the comfort level.
Home, auto and corporate loans are likely to become expensive in the next fiscal following the RBI`s move to raise key policy rates by 25 basis points, bankers said on Thursday.
Analysts feel the RBI should not opt for another hike in the calendar year.
Day in Pics: 24th November
Showbiz World - November 24, 2014
Los Angeles Auto Show