The Reserve Bank of India (RBI) has come out with its Sixth Bi-monthly Monetary Policy review (2017-18), wherein, it maintains status quo on the policy rates while keeping a neutral stance but mentioned about lurking inflationary threat, fiscal slippage, surging global crude oil prices and the likely fallout of volatility in global financial markets. The decision of the Monetary Policy Committee (MPC) is consistent with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth. Following are the policy measures and vital announcements by the RBI. The RBI has kept the Repo Rate under the Liquidity Adjustment Facility (LAF) unchanged at 6.00% for the third time in a row. Accordingly, Reverse Repo Rate under the LAF determined with a spread of 25 basis points below the Repo rates...