RBI maintains status quo: Key takeaways from fifth bi-monthly policy meet

In order to align the SLR with the LCR requirement, the MPC decided to reduce the SLR by 25 basis points every calendar quarter until the SLR reaches 18 per cent.

In line with expectations, the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50 per cent in its fifth bi-monthly monetary policy decision of FY19 on Wednesday. The reverse repo rate, also remained unchanged at 6.25 per cent. However, it announced statutory liquidity ratio (SLR) will go down by 25 bps every quarter from January. The marginal standing facility (MSF) rate and the Bank Rate stand at 6.75 per cent.
 

Here's a look at the top key takeways from the policy meet -
 

Inflation projection lowered: Inflation has been projected at 2.7-3.2 per