RBI Deputy Governor Viral Acharya, Governor Urjit Patel, and Executive Director Micheal Patra, at the monetary policy review press conference, in Mumbai on June 6, 2018. (Photograph: Shirish Shete/PTI)

A Pre-Emptive Rate Hike, But Uncertainty Keeps Stance In Neutral 

Belying the expectations of a majority of economists and analysts, the Monetary Policy Committee opted to hike the policy repo rate by 25 basis points to 6.25 percent in its June meet itself, rathe...