Most economists polled by a news agency had expected the RBI to keep its repo lending rate steady, and reduce rates later so long as the budget, due to be unveiled by Finance Minister Arun Jaitley on February 28.
               
The 10-year benchmark bond yield gained 4 basis points to 7.68 percent while the rupee trimmed intraday gains to 61.76 per dollar.                

The NSE index fell 0.1 percent after central bank's decision but recovered later and were up 0.2 percent.

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