Following are the highlights of the ‘Mid-Quarter Monetary Policy Review: June 2012’ announced by the Reserve Bank of India today.

*No change in key policy rates

*Inflationary pressure still high

*Higher export refinance limit to release Rs 30,000 crore

*Global economic conditions have deteriorated since April

*Domestic economic situation raises several concerns

*Factors besides high rates more responsible for slowdown

*Rupee slide offset impact of fall in crude oil on inflation

*Sticky inflation points to serious supply bottlenecks

*Oil subsidy crowding out public investment

*Slowing capital flows will have adverse impact on India

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