Key takeaways from RBI 'status quo' policy statement

The six-member MPC kept the repurchase rate unchanged at a near seven-year low of 6%

The Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Urjit Patel has kept interest rates unchanged, citing upside risks to inflation. It also slashed its growth projections for the fiscal year 2017-18 and raised its inflation projections.

The six-member MPC kept the repurchase rate - the rate at which the RBI infuses liquidity in the banking system - unchanged at a near seven-year low of 6%. 

The committee also maintained the cash reserve ratio (CRR) at 4%, but cut statutory liquidity ratio (SLR) requirement by 50 basis points to 19.5%.

Below are five takeaways from the