Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
Bibek Debroy raised seven questions about the new institution.
The RBI kept interest rates unchanged at 8 per cent as widely expected.
The Sensex ended up 380 points at 27,888 and the Nifty advanced 111 points to end five points shy of 8,400.
Both the government and RBI have to complement each other if the economy has to revive quickly.
The RBI's reluctance to cut rates should be seen as a case of inability in the face of inflation.
Only double-income households can buy flats in India's top 8 cities, except Mumbai
The RBI is expected to cut rates in next policy.
Indian indices fell more than those of most other emerging markets.
The RBI's projections for consumer inflation over the rest of the year indicate some acceleration, with the rate reaching eight per cent in its baseline scenario.
Lower crude prices mean less government outlay for India,
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
The CFO will formulate the accounting policy of the bank, maintain the internal accounts and report financial results, and carry out corporate strategy functions like PF policies.
Going on the counteroffensive, the Congress will be giving privilege motions against Bharatiya Janata Party leader Subramanian Swamy and Defence Minister Manohar Parrikar in Rajya Sabha on Friday
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According to the global financial services major, the primary concern for the RBI at the moment has to be anchoring elevated inflation expectations and stabilising the currency, which could face renewed pressures if the Fed begins QE tapering this week, as widely expected.
Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
Issuance of new bank licences proves that the apex bank wants the financial sector to flourish.
The implementation of MCLR from April 1 has already led to a rate cut of 10 basis points on home loans by the country's largest bank, State Bank of India, and others.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
Credit rating agency Crisil observed in its report that some 'high frequency indicators go out of whack' as credit growth and service tax collections are not in tune with the CSO's growth projections.
DFS writes to departments that haven't responded to RBI's request for information.
This development can strengthen the case for interest rate cut by the RBI.
A bit of good news is that it has already mopped up $19 billion in forwards in May.
Several of his lenders have a lot to answer for.
Food inflation is still very much a problem and needs fixing urgently, but the bad monsoon apparently did not make it worse.
The RBI has targeted 6 per cent inflation by January and 4 per cent by March 2018.
Voting for the 2014 general elections will begin in April and it is expected Budget 2014-15 will be presented in June.
India is likely to attract increasing notice from global investors.
Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.
It's unfair to over-emphasise Urjit Patel's shy and reticent image.
The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty closed up 75 points at 8,910.
Analysts expect the Reserve bank to cut rates in next monetary policy.
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According to the research note, the jump in volatility following the tightening of liquidity by the RBI on July 15 is likely to move lower and current levels could prove an attractive entry point into the market.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The finance minister chided the central bank on Tuesday over its focus on fighting inflation, saying the Reserve Bank of India (RBI) also needed to abide by the government policy to promote economic growth.
January inflation may undershoot RBI's 6% target.
It's crucial for Modi to make India an easier place to do business.
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