Greece Markit Manufacturing PMI: 49.7 (March) vs previous 51.3

The Reserve Bank of India (RBI) held its monetary policy meeting on Tuesday and decided to keep the repurchase rate on hold at 8.00%, as widely expected. The central bank's wait-and-see stance was supported by the recent sharp drop in annual inflation from 11% in November last year to 8% in February, considerably below RBI's projections.