India's central bank holds rates at 6.25 percent

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India's central bank holds rates at 6.25 percent

MUMBAI (APP/AFP) - India's central bank held interest rates on Thursday, in line with analysts' expectations, citing inflationary pressures from an imminent tax reform and the possibility of a poor monsoon.

The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would remain at 6.25 percent.

It was the third consecutive monetary policy committee (MPC) meeting in India's financial capital Mumbai where rates have been left unchanged.