Mumbai: Following are the highlights of RBI's mid-quarter monetary policy review:
Key short-term lending rate (repo rate) hiked by 0.25 per cent to 7.5 per cent.
Borrowing rate for banks reduced under marginal standing facility by 0.75 per cent to 9.5 per cent.
Minimum daily liquidity maintenance of CRR eased to 95 per cent from 99 per cent.
Cash reserve ratio (CRR) maintained at 4 per cent.
Maiden policy announcement by new RBI Governor Raghuram Rajan
Inflation worrisome, no room for complacency.
WPI inflation will be higher than that projected for rest of the year.
Economic growth trailing below potential.
Pace of infrastructure project completion subdued, new projects' starts remain muted.
Next monetary policy review on October 29.
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