Hikes Repo Rate by 25bps but kept its policy stance as 'neutral' The Reserve Bank of India (RBI) announced its Second Bi-monthly Monetary Policy review (2018-19), wherein, it has increased the benchmark repo rate for the first time in more than four years, as it tries to fend off rising inflation pressures and mentioned about fiscal slippage, global crude oil price volatility, financial market volatility and potential trade wars which poses a threat to the outlook but kept its policy stance as 'neutral'. The decision of the Monetary Policy Committee (MPC) is consistent with the neutral stance of monetary policy in consonance with the...