The Reserve Bank of India (RBI) on Thursday kept its repo rate unchanged at 5.15% on expected lines.
The central bank's six-member Monetary Policy Committee (MPC) began its three-day monetary policy meet on Tuesday, Hindustan Times reported.
Earlier, RBI had in December last year kept interest rates unchanged after five consecutive cuts.
Domestic stock markets had started the day on a positive note ahead of the outcome of RBI's sixth bi-monthly policy review of the current fiscal year.
The S&P BSE Sensex index rose 199.53 points to 41,342.19 in early trade and the broader NSE Nifty benchmark climbed to as high as 12,151.25, up 62.1 points from the previous close.