The Reserve Bank of India on Tuesday held the Repo Rate unchanged at 8 percent in the bank's Monetary Policy Review. RBI Governor Raghuram Rajan has raised the repo rate three times by a total of 75 basis points since September and resulted in a decline of inflation.

The country's economic growth is estimated at 4.9 per cent in the current financial year whereas it slipped to a decade-low of 4.5 per cent in 2012-13.

The RBI wants CPI inflation to ease further to 6 per cent by January 2016 and Dr. Rajan is in wait and see mode as the general elections are due this May where the next government's economic policies are going to be crucial.

(AW: Vamshi)