As expected, the Reserve Bank of India (RBI) has kept its benchmark repurchase rate at 8% and its cash-reserve ratio at 4%. The latter is closely watched and determines how much capital reserves banks should keep.
The decision follows a fall in inflation and is the last before India starts a month-long general-election process on Sunday.
The Sensex is -0.1%, while the USD-INR is -0.1% at 60.060 rupees. (PR)