Rates unchanged: Here are 5 key highlights of RBI's monetary policy

RBI keeps repo rate steady at 6.25%; reverse repo and bank rate stand at 5.75% and 6.75%

Contrary to expectations of a 25 basis point (bps) rate cut, the Reserve Bank of India (RBI) kept repo rate steady at 6.25% in its sixth bi-monthly monetary policy review on Wednesday. Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.

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“A cut of 25 bps was widely expected and would have lifted the sentiment. At this juncture, post long stint of shrinking economy and then demonetisation, people were