RBI increased repo rates by 25 bps unanimously to 6.5%, but maintained neutral stance. GDP growth is expected to be 7.4% for this year. Inflation is expected to be 4.8 to 4.9% for first half and 4.7% for second half of this Year. Banks have been allowed to spread MTM losses in investment portfolio over 4 quarters.

Equity markets climbed higher and Rupee ended stronger at 66.92. 10 Year Yield climbed to 7.91%.