Following are the highlights of RBI's third monetary policy review for the current fiscal unveiled on Wednesday:
* RBI cuts key interest rate (repo) by an unusual 35 basis points (0.35 percentage points) to 5.40 per cent.
* Reverse repo rate has been revised to 5.15 per cent
* The marginal standing facility (MSF) rate and bank rate stands at 5.65 per cent
* Maintains the accommodative policy stance
* Cuts GDP forecast to 6.9 per cent for the current fiscal from 7 per cent in June policy
* Keeps retail inflation forecast within target of 3.5-3.7 per cent for second half of 2019-20
* Four members voted for cut of 35 basis points in rate; two members voted for 25 basis points rate cut
* Boosting aggregate demand, private investment assume highest priority
* Next monetary policy statement on October 4.
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