I created a MySQL instance in AWS RDS and selected the create new security group option which created a new security group as below
Inbound rule created with a specific allowed ip
This allows traffic from only the specified ip. In the public accessibility option I have selected yes. Now, I am able to connect to this database on my local computer. I am not able to understand the point of this security group inbound rule and where this ip in inbound rule is coming from?
This is your public IP (at least for now). /32 is from CIDR, means that this is only one ip in this network (SG work with CIDT, not just IP).
So, RDS could be accessed only from you IP