The monetary policy committee (MPC) decided to cut Repo rate by 25 bps to 6.0% by 4-2 vote. After a long time Repo rate is at this level (earlier between Sep’10 to Nov’10 repo rate was 6%). MPC has retained FY18 GVA growth rate at 7.3%, with balanced risks while committing to keep CPI inflation close to 4% on a durable basis. We are confident of a benign inflation trajectory going forward and s...