RBI first bi-monthly monetary policy meet of (FY19-20) - Key Highlights

1. RBI lowers repo rate by 25 bps to 6%, cuts GDP growth forecast 

2. This is RBI's second rate cut in two months 

3. RBI expects GDP growth for 2019-20 at 7.2% 

4. This is the second consecutive rate cut from RBI under new chief Shaktikanta Das. 

5. The monetary policy committee of the RBI also decided to maintain the neutral monetary policy stance while voting 4-2 in favour of the rate cut. 

6. The central bank also noted that crude oil prices have risen around 10% since the last policy.