Graph: Check out the change in RBI policy rates in 2013

The Reserve Bank of India (RBI) sprang a surprise today and kept the country’s policy interest rate on hold, despite calling current inflation too high, citing the prospect of easing retail prices and its concerns about the weak domestic economy.

[caption id=“attachment_1278793” align=“alignright” width=“380”] Reuters[/caption]The RBI had been widely expected to lift its repo rate by 25 basis points, but instead opted to keep the country’s main lending rate at 7.75 percent.

At the beginning of this financial year, the repo rate was 7.75 percent. Later, it was cut to 7.25 in March.

Here’s a look at how repo rates moved in this financial year: