In the The Reserve Bank of India (RBI) monetary policy review, Governor Raghuram Rajan today announced a repo rate cut by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors and indicated accommodative stance going ahead. Accordingly, the repo rate, at which RBI lends to the financial system, has come down to 6.5 per cent. Governor Rajan thereafter said, “Given weak private investment in the face of low capacity utilisation, a reduction in the policy rate by 0.25 per cent will help strengthen growth.” here are the top 5 quotes in Raghuram Rajan speech: (Express Photo)

1. Governor Raghuram Rajan: Inflation objectives are closer to being realised and price-rise will hover around the 5 per cent mark for the remainder of the fiscal. The monetary policy will continue to remain accommodative to address growth concerns. (Express Photo)

2. Governor Raghuram Rajan: Welcome government move to amend the RBI Act to create a monetary policy committee as it will further strengthen the policy's credibility. (Express Photo)

3. Governor Raghuram Rajan: We welcome government's adherence to the path of fiscal consolidation. It as a commendable commitment this will support the disinflation process going forward. (Express Photo)

4. Governor Raghuram Rajan: Repo rate cut is enough considering the uncertainties prevailing in country. (Express Photo)

5. Governor Raghuram Rajan (reacts to the Panama Papers revelations by The Indian Express newspaper on Monday): We are in the investigation team on Panama papers to see what is legitimate and what is not. (Express Photo)