<h1>RBI's MPC Keeps Repo Rate at 6% to Balance Inflation and Growth; Focus on CPI Inflation Target of 4.</h1> The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to maintain the policy repo rate at 6.0% in its fifth bi-monthly monetary policy statement for 2017-18. This decision aligns with a neutral monetary policy stance aimed at achieving a medium-term consumer price index (CPI) inflation target of 4%, within a range of +/- 2%, while fostering economic growth. The global economic outlook shows momentum, especially in advanced economies, but challenges remain in emerging markets. Domestically, growth in real gross value added (GVA) improved, driven by industrial activity, though private consumption slowed. Inflation concerns persist, influenced by food and fuel prices, and fiscal slippage risks exist. The MPC remains vigilant, committed to maintaining inflation near 4%.