RBI Cuts growth forecast REPO RATES STAYS AT 6%, SLR REDUCED BY 50 BPS NO SPACE LEFT FOR FISCAL STIMULUS,SAYS GOVERNOR The Reserve Bank of India (RBI) kept its policy rates unchanged on Wednesday, revised its inflation forecast for the second half of the fiscal year, and lowered the growth forecast sharply, while asking the government not to be too ambitious with its fiscal stimulus package. Five members of the six-member monetary policy committee (MPC), headed by RBI Governor Urjit Patel, voted for a pause. Ravindra Dholakia voted for a 25 basis point cut. Following the fourth bi-monthly monetary policy, the repo rate remained at 6 per cent. While continuing with its glide path of bringing down banks’ mandatory bond holdings, the central bank reduced the statutory liquidity ratio by 50 basis points to 19.5 per cent of the deposit base. The policy stance remained ‘neutral’. One basis point is 0.01 per cent.Patel said in an interaction with the media that between the states