<p>Following are the highlights of RBI's mid-quarter monetary policy review:<br /><br /></p>.<p>* Key short-term lending rate (repo rate) hiked by 0.25 pc to<br />7.50 pc.<br />* Borrowing rate for banks reduced under MSF by 0.75 pc to<br />9.5 pc.<br />* Eases minimum daily liquidity maintenance of CRR to 95 pc<br />from 99 pc.<br />* Maiden policy announcement by new RBI Governor Raghuram<br />Rajan.<br />* Retains Cash Reserve Ratio (CRR) at 4 pc.<br />* Inflation worrisome, no room for complacency.<br />* WPI inflation will be higher than that projected for rest<br />of the year.<br />* Economic growth trailing below potential.<br />* Pace of infrastructure project completion subdued, new<br />projects' starts remain muted.<br />* Next monetary policy review on October 29.</p>
<p>Following are the highlights of RBI's mid-quarter monetary policy review:<br /><br /></p>.<p>* Key short-term lending rate (repo rate) hiked by 0.25 pc to<br />7.50 pc.<br />* Borrowing rate for banks reduced under MSF by 0.75 pc to<br />9.5 pc.<br />* Eases minimum daily liquidity maintenance of CRR to 95 pc<br />from 99 pc.<br />* Maiden policy announcement by new RBI Governor Raghuram<br />Rajan.<br />* Retains Cash Reserve Ratio (CRR) at 4 pc.<br />* Inflation worrisome, no room for complacency.<br />* WPI inflation will be higher than that projected for rest<br />of the year.<br />* Economic growth trailing below potential.<br />* Pace of infrastructure project completion subdued, new<br />projects' starts remain muted.<br />* Next monetary policy review on October 29.</p>