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RBI Highlights

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Press Trust of India Mumbai
Last Updated : Aug 07 2019 | 12:45 PM IST

Following are the highlights of RBI's third monetary policy review for the current fiscal unveiled on Wednesday:
* Reverse repo rate has been revised to 5.15 per cent
* The marginal standing facility (MSF) rate and bank rate stands at 5.65 per cent
* Maintains the accommodative policy stance
* Cuts GDP forecast to 6.9 per cent for the current fiscal from 7 per cent in June policy
* Keeps retail inflation forecast within target of 3.5-3.7 per cent for second half of 2019-20

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* Four members voted for cut of 35 basis points in rate; two members voted for 25 basis points rate cut
* Boosting aggregate demand, private investment assume highest priority

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First Published: Aug 07 2019 | 12:45 PM IST

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