Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate reduced to 6.25%. The Reserve Bank of India (RBI), in its third bi-monthly monetary policy statement' 2017-18, cut the repo rate by 25 bps to 6.0% from 6.25% with immediate effect amidst the sharper than expected decline in inflation trend over the last few months. However, the central bank expects that inflation will rise from current level in coming months and...