New Delhi: Following are the highlights of RBI's mid-quarter review of monetary policy:

* RBI keeps key policy rate, cash reserve ratio unchanged

* Repo rate unchanged at 7.75 pc; cash reserve ratio unchanged at 4 pc

* RBI to wait for more data before taking policy action

* Outlook on global growth continues to remain moderate

* Volatility in the financial markets could pick up following the inevitable taper of the quantitative easing in the U.S.

* Lacklustre indicators on services and subdued domestic consumption point at continuing headwinds to growth

* Expenditure cuts by Govt will only add to the pressures on the growth front

* Revival of stalled investments crucial for growth

* High inflation numbers risks entrenching inflation expectations at unacceptably elevated levels

* High and persistent inflation also increases the risks of exchange rate instability.

* RBI expects inflation to be contained on vegetable prices going down sharply

* Current inflation is high but its trajectory is uncertain and there is merit waiting for more data.

* RBI to be vigilant and will act between scheduled policies if expected softening in food prices does not materialise.