Headline inflation estimates revised down to 2.8 percent in March quarter, 3.2-3.4 percent in first half of next fiscal and 3.9 percent in Q3 of FY20.
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points in its sixth bi-monthly policy announced on Thursday. With this, the repo rate stands at 6.25 percent. The reverse repo rate has also been cut by 25 basis points, to 6 percent.
Following are the highlights of the sixth bi-monthly monetary statement for 2018-19 by the RBI:
First Published: IST