Mumbai
Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said.

The following are the 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