(Photo: Reuters)(Photo: Reuters)The Reserve Bank of India on Wednesday slashed the repo rate - the interest rate at which it lends to banks - by 25 basis points, from 7.75 per cent to 7.5 per cent effective immediately.
Here are the key highlights:
>> CRR kept unchanged at 4%
>> RBI sees inflation soften through H1FY16 and will be sub-6% in H2
>> RBI seeks to bring inflation to 4% by FY18-end
>> Disinflation is evolving at faster pace than envisaged, says RBI
>> Further monetary policy action to be conditioned by incoming data
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