Rupee and bonds weakened on Thursday after the US Federal Reserve signalled it may increase its policy rates at the next meeting in December.
S&P expects India to grow at 7.4 per cent in 2015, similar to the central bank's forecast for the fiscal year ending in March.
Coffee Day Enterprises Ltd is backed by KKR & Co.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
Forex market was closed on Thursday on account of Ganesh Chaturthi.
Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.
Lending rates have to be sensitive to the policy rate, says RBI.
At the current market price of the stock, that stake would be valued at about $1.5 billion.
The rupee has fallen more than 2 per cent against the dollar since the yuan devaluation
A total of 41 companies had applied for the permit
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
Balance of payment stood at a surplus of $30.1 billion during January-March
Bad debt rules are steps in right direction.
A gradual weakening of the rupee, however, may add to inflationary pressures.
The RBI chief was speaking to researchers at an analyst call.
RBI governor does not want to move in haste for achieving financial inclusion.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
State Bank of India expects decent growth in FY16.
Despite Indian economy recovering, there is very little room for loan growth, say bankers.
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