Reserve Bank of India Governor Raghuram Rajan on Tuesday maintained status quo on key rates at his last policy review meeting.

Following are the highlights of RBI's third bi-monthly monetary policy statement, 2016-17:

• Repo rate unchanged at 6.50 per cent, Reverse Repo at 6%
• Cash reserve ratio or CRR unchanged at 4%
• Growth forecast at 7.6% for the current fiscal
• Inflation target remains 5% for January 2017; upside risk
• Normal monsoon, 7th Pay Commission award to boost growth
• GST roll out to boost business sentiment, investment
• Timely implementation of GST a challenge
• Premature to talk about inflationary impact of GST
• FCNR(B) redemptions not to disrupt liquidity in market
• Banks have passed on rate cut benefit only modestly
• FAQ on KYC norms on RBI website for easy reference
• Marginal Cost Lending Rate framework for interest rate to be modified
• Forex reserves at $365.7 billion on August 5
• Fourth bi-monthly monetary policy on October 4.

Image: RBI Governor Raghuram Rajan. Photograph: Reuters