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KEY TAKEAWAYS FROM RBI MPC POLICY The Reserve Bank of India hikes key lending rate or repo rate by 25bps to 6.25% — Reverse repo rate now stands at 6%; FY19 growth projection retained at 7.4 % — The central bank projects retail inflation at 4.8-4.9% for April-September, 4.7% in H2 FY18 — It sees major upside risk to the inflation path as crude prices rose 12% — Says volatile crude oil prices adds uncertainty to its inflation outlook — RBI expects boost to investments from swift resolution under the Insolvency & Bankruptcy Code — 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 a 0.25% rate hike — Next meeting of the Monetary Policy Committee on July 31 and August 1