New Delhi: Following are the highlights of RBI's fourth bi-monthly monetary policy statement, 2016-17:


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* Repo rate cut by 0.25% to 6.25%, Reverse Repo at 5.75%


* Cash reserve ratio or CRR unchanged at 4%


* Growth forecast at 7.6% for the current fiscal


* Normal monsoon to quicken growth momentum


* Inflation target remains 5% for March 2017, upside risk


* 6-member Monetary Policy Committee makes India's first


Collective interest rate decision


* All MPC members voted in favour of rate cut


* Foreign exchange reserve rose to all-time high of USD 372 billion by September


*Govt has announced measures to cool food inflation, which opened up space for rate cut


*Banks should cut lending rates as small savings rate has been lowered


*RBI Governor expects further downgrading of global growth


*To allow start-ups to raise up to USD 3 million ECB annually


* Next monetary policy on December 7


*RBI's research department sees inflation at 5.3% in Jan-Mar 2017, from 5 percent in the previous quarter


*Sees growth picking up to 7.9%  in next year


*Pay Commission recommendations to spur price pressure


*Uncertainty around US elections, crude prices, global demand.