In RBI Monetary Policy Review meet, Raghuram Rajan cuts repo rate 25 bps: Top 10 highlights

In the RBI Monetary Policy Review meet Governor Raghuram Rajan cut the repo rate by 25 bps and thereby set the stage for home, auto and corporate loans to cost less. However, RBI governor said there may not be any more interest rate cuts in the near-term sending stock markets into a tizzy. Here are the top 10 highlights:

(PTI)

1. RBI Monetary Policy Review meet:
Guv Raghuram Rajan keeps short-term lending rate (repo) cut by 0.25 pc to 7.25 pc.
(PTI)

2. RBI Monetary Policy Review meet:
Guv Raghuram Rajan keeps Cash Reserve Ratio unchanged at 4 pc
(PTI)

3. RBI Monetary Policy Review meet:
Guv Raghuram Rajan retains Statutory Liquidity Ratio at 21.5 pc
(PTI)

4. RBI Monetary Policy Review meet:
Guv Raghuram Rajan adjusts reverse repo rate to 6.25 pc from 6.5 pc; Bank rate down to 8.25 pc from 8.5 pc
(PTI)

5. RBI Monetary Policy Review meet:
Guv Raghuram Rajan expects inflation to rise to 6 pc by January 2016
(PTI)

6. RBI Monetary Policy Review meet:
Guv Raghuram Rajan said strong food policy management needed to keep inflation and inflationary expectations under check
(Express Photo)

7. RBI Monetary Policy Review meet:
Guv Raghuram Rajan lowers economic growth forecast to 7.6 pc for 2015-16 from 7.8 pc projected in April
(PTI)

8. RBI Monetary Policy Review meet:
Guv Raghuram Rajan asks banks to pass on benefit of rate cuts to borrowers
(Express Photo)

9. RBI Monetary Policy Review meet:
Guv Raghuram Rajan said targeted infusion of bank capital into PSU banks needed to ensure credit flows to productive sectors
(PTI)

10. RBI Monetary Policy Review meet:
Guv Raghuram Rajan said third bi-monthly policy statement would be on August 4
(Express Photo)