Highlights of the second bi-monthly monetary statement for 2018-19:


* RBI hikes key lending rate (repo) by 0.25 per cent to 6.25 pc
* Rate hike is the first in four-and-half-years
* Reverse repo rate stands at 6 pc, bank rate at 6.50 pc
* Growth projection retained at 7.4 pc for 2018-19
* Projects retail inflation at 4.8-4.9 pc for April-September, 4.7 pc in H2
* Major upside risk to the inflation path as price of crude rose by 12 pc
* Volatile crude oil prices adds to uncertainty to the inflation outlook
* Investments recovering well; to get boost from swift resolution under IBC * Geo-political risks, financial market volatility, trade protectionism to impact domestic growth
* Adherence to budgetary targets by the Centre and states will ease upside risks to the inflation outlook
* All members of the monetary policy committee voted for 0.25% rate hike * Next meeting of the MPC on July 31 and August 1.
-- PTI