RBI POLICY: KEY HIGHLIGHTS

RBI POLICY: KEY HIGHLIGHTS :

• RBI leaves repo rate unchanged at 5.15%

• MPC maintains policy stance at “accommodative”

• FY20 GDP growth forecast cut sharply to 5% from 6.1% projected earlier

• 2H FY20 GDP growth seen at 4.9-5.5% versus 6.6-7.2% projected earlier

• 1H FY21 GDP growth seen at 5.9-6.3%

• CPI forecast for 2H FY20 revised to 5.1-4.7% from 3.5-3.7% earlier

• CPI forecast for 1H FY21 at 4.0-3.8% with risk evenly balanced

• MPC recognises that there is monetary policy space for future action

• All 6 MPC members voted in favour of the decision

• Monetary space for further action