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    <title>Minutes of the Monetary Policy Committee Meeting February 6-7, 2018 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The Monetary Policy Committee decided to keep the policy repo rate unchanged and to maintain a neutral monetary stance after reviewing surveys, staff macroeconomic projections and risks. The Committee noted rising headline and underlying inflation-driven by food, fuel and housing effects including higher house rent allowances-and identified upside risks from global commodity prices, fiscal measures and financial market volatility, while recognising early signs of an investment led recovery. Voting recorded five members for hold and one dissenting vote for a rate increase; individual statements and projections are published pursuant to section 45ZL.</description>
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