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    <title>Minutes of the Monetary Policy Committee Meeting July 30-August 1, 2018 [Under Section 45ZL of the Reserve Bank of India Act, 1934]</title>
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    <description>The MPC increased the policy repo rate by 25 basis points to 6.50 per cent, with corresponding adjustments to reverse repo, MSF and Bank Rate, while retaining a neutral stance to achieve the medium-term inflation target of 4% ( 2%). The decision responds to recent upticks in CPI inflation, persistent non-food non-fuel pressures, elevated input and energy costs, rising inflation expectations and upside risks from higher MSPs, even as domestic growth momentum is retained and external vulnerabilities are noted.</description>
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