On June 7, RBI is going to keep policy rate unchanged when the 6 member MPC headed by RBI Governor Urjit Patel will meet for the second bi-monthly monetary policy statement for 2017-18. Interestingly, the inflation trajectory, foreign reserve and liquidity aspect is rather stable. From industry quarters there has been a call for rate cut especially after 7.1 % GDP in 2016-17, bit lower from 8% in the previous fiscal. No doubt, lower GDP in the last economic year has been mostly due to the demonetization move in last November. Very recently the World Bank has mentioned that successful demonetization will help India to multiple its revenues in the long run. As far as the weather forecast is concerned, India is expected to have normal monsoon this year. This will definitely help in achieving the stipulated target in food grains and crops estimation. As far as the statistical details obtained, inflation in the country decelerated to 2.99% from 3.89% in March. As far as retail in...