Need to ensure whether or not the unusually low momentum in inflation reading for april will endure

Policy interventions, including access to open trade, may be envisaged to arrest slump in prices

Cuts statutory liquidity ratio of banks by 50 bps to 20 pct of total deposits, effective fortnight starting june 24

Says implementation of gst not expected to have material impact on overall inflation

Projection of real gva growth for 2017/18 revised 10 bps downwards

Minimum original maturity for masala bonds worth up to $50 mln per year should be 3 yrs, those above $50 mln per year should be 5 yrs