India's central bank maintains policy interest rates unchanged.

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      The Bank of India's policy interest rate remained unchanged on Friday, surprising most analysts who had expected the central bank to raise interest rates to counter inflationary pressures from rising oil prices and a weakening rupee.
The central bank's Monetary Policy Committee kept the repurchase rate unchanged at 6.50%, in sharp contrast to the Reuters survey, in which 35 of the 64 analysts interviewed were expected to raise interest rates.
The policy committee's policy stance has shifted from "neutral" to "moderate tightening".
Five of the six members voted to maintain interest rates unchanged.
The central bank's selling interest rate has remained unchanged at 6.25%.


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