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The Reserve Bank of India (RBI) on Thursday announced the sixth bi-monthly monetary policy statement for 2018-19. The three-day policy review meeting by the Monetary Policy Committee (MPC) began in Mumbai on Tuesday. 
Following are the highlights of the 6th bi-monthly monetary policy statement of 2018-19 issued today by the Reserve Bank of India:-
- Repo rate reduced by 25 basis points, now at 6.25 from 6.5 per cent. RBI cuts benchmark lending rate by 0.25 per cent to 6.25 per cent.
- As per the RBI's statement, "On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:  reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect."
- RBI has recieved a proposal for an umbrella organisation for urban cooperative banks. RBI has decided on this positively. A decision on the specifics of the umbrella organisation proposal will be taken shortly.
- Monetary policy committee votes 4:2 in favour of rate cut, unanimous on change in stance. 
- Export growth on a year-on-year basis was almost flat in November and December 2018, primarily due to a high base effect and weak global demand
- RBI Governor says, "Headline inflation is expected to remain contained below or at its target of 4%.  This has opened space for policy action. Investment activity is recovering supported mainly by public spending on infrastructure."
- RBI Governor says,  "GDP projection for 2019-20 is 7.4%. The inflation rate is estimated at 3.2-3.4% in the first half of the year 2019-20 and 3.9% in the third quarter of 2019-20."
- RBI has decided enhancement of collateral free agriculture loan from Rs 1 lakh to Rs 1.6 lakhs. This enhancement Rs60,000 has been taken in view of the overall rise in inflation, marginal agriculture input and benefit to  small farmers.
WATCH LIVE - FULL VIDEO: Sixth Bi-Monthly Monetary Policy Press Conference 2018-2019, Thursday, February 07, 2019. Governor, Reserve Bank of India’s Press Conference.
<blockquote data-lang="en">Sixth Bi-Monthly Monetary Policy Press Conference 2018-2019, Thursday, February 07, 2019 
Governor, Reserve Bank of India’s Press Conference <a href="https://t.co/boOY5cGWP1">https://t.co/boOY5cGWP1</a>
— ReserveBankOfIndia (@RBI) <a href="https://twitter.com/RBI/status/1093395923458240512?ref_src=twsrc%5Etfw">February 7, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>- RBI revises down headline inflation estimates to 2.8 pc in March quarter, 3.2-3.4 pc in first half of next fiscal and 3.9 pc in Q3 of FY20.
- 2 MPC members Chetan Ghate and Viral Acharya were for status-quo in rates; decision on changing stance to neutral was unanimous: RBI.
- RBI expects GDP growth to go up to 7.4 pc in FY20, from the FY19 government estimate of 7.2 pc.
- Union budget proposals will boost demand by raising disposable incomes, may take time to play out: RBI. 
- RBI revises downwards retail inflation forecast to 2.8 pc for March quarter 2019. 
- Reserve Bank of India on Thursday unexpectedly lowered interest rates and shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate.
- The monetary policy committee (MPC) cut the repo rate by 25 basis points to 6.25 percent, as predicted by only 21 of 65 analysts polled by Reuters. Most polled respondents had expected the central bank to only change the stance, to neutral. 
- RBI Governor Shaktikanta Das said, "We are constantly &amp; continuously monitoring the liquidity situation and based on the requirement we will ensure that there is no liquidity scarcity."
- FULL PDF by RBI: Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India
<a href="https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46235" target="_blank">https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46235</a>
- FULL PDF by RBI: Liquidity Adjustment Facility: Fixed Rate Repo Operations
<a href="https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46236" target="_blank">https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46236</a>
- FULL PDF by RBI: Statement on Developmental and Regulatory Policies
<a href="https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46237" target="_blank">https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46237</a>
- Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance.
(Developing story; it is being updated as and when updates are coming in)

The Reserve Bank of India (RBI) on Thursday announced the sixth bi-monthly monetary policy statement for 2018-19. The three-day policy review meeting by the Monetary Policy Committee (MPC) began in Mumbai on Tuesday. Following are the highlights of the 6th bi-monthly monetary policy statement of 2018-19 issued today by the Reserve Bank of India:-- Repo rate reduced by 25 basis points, now at 6.25 from 6.5 per cent. RBI cuts benchmark lending rate by 0.25 per cent to 6.25 per cent.- As per the RBI's statement, "On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:  reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect."- RBI has recieved a proposal for an umbrella organisation for urban cooperative banks. RBI has decided on this positively. A decision on the specifics of the umbrella organisation proposal will be taken shortly.- Monetary policy committee votes 4:2 in favour of rate cut, unanimous on change in stance. - Export growth on a year-on-year basis was almost flat in November and December 2018, primarily due to a high base effect and weak global demand- RBI Governor says, "Headline inflation is expected to remain contained below or at its target of 4%.  This has opened space for policy action. Investment activity is recovering supported mainly by public spending on infrastructure."- RBI Governor says,  "GDP projection for 2019-20 is 7.4%. The inflation rate is estimated at 3.2-3.4% in the first half of the year 2019-20 and 3.9% in the third quarter of 2019-20."- RBI has decided enhancement of collateral free agriculture loan from Rs 1 lakh to Rs 1.6 lakhs. This enhancement Rs60,000 has been taken in view of the overall rise in inflation, marginal agriculture input and benefit to  small farmers.WATCH LIVE - FULL VIDEO: Sixth Bi-Monthly Monetary Policy Press Conference 2018-2019, Thursday, February 07, 2019. Governor, Reserve Bank of India’s Press Conference.Sixth Bi-Monthly Monetary Policy Press Conference 2018-2019, Thursday, February 07, 2019Governor, Reserve Bank of India’s Press Conference https://t.co/boOY5cGWP1— ReserveBankOfIndia (@RBI) February 7, 2019- RBI revises down headline inflation estimates to 2.8 pc in March quarter, 3.2-3.4 pc in first half of next fiscal and 3.9 pc in Q3 of FY20.- 2 MPC members Chetan Ghate and Viral Acharya were for status-quo in rates; decision on changing stance to neutral was unanimous: RBI.- RBI expects GDP growth to go up to 7.4 pc in FY20, from the FY19 government estimate of 7.2 pc.- Union budget proposals will boost demand by raising disposable incomes, may take time to play out: RBI. - RBI revises downwards retail inflation forecast to 2.8 pc for March quarter 2019. - Reserve Bank of India on Thursday unexpectedly lowered interest rates and shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate.- The monetary policy committee (MPC) cut the repo rate by 25 basis points to 6.25 percent, as predicted by only 21 of 65 analysts polled by Reuters. Most polled respondents had expected the central bank to only change the stance, to neutral. - RBI Governor Shaktikanta Das said, "We are constantly &amp; continuously monitoring the liquidity situation and based on the requirement we will ensure that there is no liquidity scarcity."- FULL PDF by RBI: Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of Indiahttps://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46235- FULL PDF by RBI: Liquidity Adjustment Facility: Fixed Rate Repo Operationshttps://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46236- FULL PDF by RBI: Statement on Developmental and Regulatory Policieshttps://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46237- Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance.(Developing story; it is being updated as and when updates are coming in)

HIGHLIGHTS: RBI Monetary Policy Review February 2019 - From Repo Rate to GDP to Inflation, all you need to know with full PDF

news-highlights-rbi-monetary-policy-review-february-2019-from-repo-rate-to-gdp-to-inflation-all-you-need-to-know-with-full-pdf-84667

The Reserve Bank of India (RBI) on Thursday announced the sixth bi-monthly monetary policy statement for 2018-19. The three-day policy review meeting by the Monetary Policy Committee (MPC) began in Mumbai on Tuesday.  Following are the highlights of the 6th bi-monthly monetary policy statement of 2018-19 issued today by the Reserve Bank of India:- - Repo rate reduced by 25 basis points, now at 6.25 from 6.5 per cent. RBI cuts benchmark lending rate by 0.25 per cent to 6.25 per cent. - As per the RBIs statement, On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to:  reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. - RBI has recieved a proposal for an umbrella organisation for urban cooperative banks. RBI has decided on this positively. A decision on the specifics of the umbrella organisation proposal will be taken shortly. - Monetary policy committee votes 4:2 in favour of rate cut, unanimous on change in stance.  - Export growth on a year-on-year basis was almost flat in November and December 2018, primarily due to a high base effect and weak global demand - RBI Governor says, Headline inflation is expected to remain contained below or at its target of 4%.  This has opened space for policy action. Investment activity is recovering supported mainly by public spending on infrastructure. - RBI Governor says,  GDP projection for 2019-20 is 7.4%. The inflation rate is estimated at 3.2-3.4% in the first half of the year 2019-20 and 3.9% in the third quarter of 2019-20. - RBI has decided enhancement of collateral free agriculture loan from Rs 1 lakh to Rs 1.6 lakhs. This enhancement Rs60,000 has been taken in view of the overall rise in inflation, marginal agriculture input and benefit to  small farmers. WATCH LIVE - FULL VIDEO: Sixth Bi-Monthly Monetary Policy Press Conference 2018-2019, Thursday, February 07, 2019. Governor, Reserve Bank of India’s Press Conference. Sixth Bi-Monthly Monetary Policy Press Conference 2018-2019, Thursday, February 07, 2019 Governor, Reserve Bank of India’s Press Conference https://t.co/boOY5cGWP1 — ReserveBankOfIndia (@RBI) February 7, 2019 - RBI revises down headline inflation estimates to 2.8 pc in March quarter, 3.2-3.4 pc in first half of next fiscal and 3.9 pc in Q3 of FY20. - 2 MPC members Chetan Ghate and Viral Acharya were for status-quo in rates; decision on changing stance to neutral was unanimous: RBI. - RBI expects GDP growth to go up to 7.4 pc in FY20, from the FY19 government estimate of 7.2 pc. - Union budget proposals will boost demand by raising disposable incomes, may take time to play out: RBI.  - RBI revises downwards retail inflation forecast to 2.8 pc for March quarter 2019.  - Reserve Bank of India on Thursday unexpectedly lowered interest rates and shifted its stance to neutral from calibrated tightening to boost a slowing economy after a sharp fall in the inflation rate. - The monetary policy committee (MPC) cut the repo rate by 25 basis points to 6.25 percent, as predicted by only 21 of 65 analysts polled by Reuters. Most polled respondents had expected the central bank to only change the stance, to neutral.  - RBI Governor Shaktikanta Das said, We are constantly continuously monitoring the liquidity situation and based on the requirement we will ensure that there is no liquidity scarcity. - FULL PDF by RBI: Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46235 - FULL PDF by RBI: Liquidity Adjustment Facility: Fixed Rate Repo Operations https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46236 - FULL PDF by RBI: Statement on Developmental and Regulatory Policies https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=46237 - Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance. (Developing story; it is being updated as and when updates are coming in)