That's the Reserve Bank of India leaving rates on hold, as was expected

(ps. I had the GMT time of the RBI announcement earlier. My bad, apologies)

  • Repo rate unchanged at 6.75 pct
  • Reverse repo rate stays at 5.75 pct
  • Banks' cash reserve ratio unchanged at 4.00 pct
  • Says continues to be "accommodative" even as it leaves rates unchanged, awaits data on development of inflation
  • Projects economic growth at 7.6 pct for 2016/17 fiscal year and 7.4 pct with downward bias for 2015/16
  • Says decline in oil prices may impact flow of remittances from the Gulf
  • Underlying growth drivers, particularly private investment need to be revived

Headlines via Reuters

Full text from here: Sixth Bi-monthly Monetary Policy Statement, 2015-16