The Reserve Bank of India (RBI), in its fifth bi-monthly monetary policy statement' 201718, kept the policy rate unchanged at 6.0% and maintained neutral policy stance, in line with the our expectation. Interest rate easing cycle which started in Jan'2015 is now viewing to close due to increase in the upside risks to inflation. Amidst increasing uncertainties to inflation path, which the RBI keeps top of its agenda for policy rate...