Fourth Bi Monthly Policy Statement For Fiscal 2018 19

RBI keeps repo rate unchanged at 6.50%, warns volatile oil prices and tightening of global financial conditions pose risk to inflation

A majority of the analysts and bankers were expecting the six-member Monetary Policy Committee to go at least for a 0.25 percent hike in key rates at the review.

RBI lowers retail inflation projection to 3.9-4.5% for second half of FY19 as food prices soften

"Inflation is projected at 4 percent in second quarter (July-September) 2018-19, 3.9-4.5 percent in H2 (October-March) and 4.8 percent in Q1:2019-20 (April-June), with risks somewhat to the upside," RBI said.

RBI keeps repo rate unchanged at 6.50%: Full text of fourth bi-monthly policy statement for fiscal 2018-19

Out of six members of the Monetary Policy Committee (MPC), five members, including RBI Governor Urjit Patel voted in favour of status quo in repo rate.

Central bank keeps key lending rate unchanged at 6.5%; here are highlights from RBI monetary policy

The Monetary Policy Committee (MPC) voted 5:1 in favour of a status quo, with only Chetan Ghate voting for a 0.25 per cent hike.