PRE-MARKET INDIA STOCK NEWS: RBI unanimously kept rates unchanged, maintained calibrated tightening stance and cut CPI forecasts

Adani Power (ADANI IS)
– Co. and SoftBank (9984 JT) win bid for 840MW India Solar wind hybrid project. (Newswires)

Jet Airways (JETIN IS)
– Etihad is said to be in discussions with advisers regarding Jet Airways. (Newswires)

Other News
– RBI kept its rates unchanged with the Repurchase Rate held at 6.5% as expected and maintained its ‘calibrated tightening stance’. Furthermore, the decision on rates was unanimous (6-0) and the RBI lowered its inflation forecasts for H2 of the current fiscal year to between 2.7%-3.2% from between 3.9%-4.5%, while the RBI also proposed that banks will now have to link the interest rates charged by them to the external benchmarks instead of the presently used internal benchmarks to improve transmission of the policy rates. (Newswires)

(Newswires)