• RBI hikes repo rate and reverse repo rate by 25 basis points to 6.25% and 6% respectively, first rate hike since Jan 2014
• MPC maintains ‘neutral’ monetary policy stance, giving the committee flexibility to move in either direction
• On Inflation: MPC Cites Sharp, Durable Crude Price Rise As Key Risk For CPI; Apr-Sep CPI Seen 4.8-4.9% Including Rent Allowance Impact. October-March CPI seen at 4.7% including home rent allowance impact
• RBI retains GDP growth forecast for FY19 at 7.4%; GDP growth projected at 7.5-7.6% in April-September
• RBI On NPAs: Investment Could Get Boost From Swift Bad Loan Resolution
