India holds interest rates steady despite cash chaos

New Delhi (AFP) - India's central bank left interest rates unchanged at 6.25 percent Wednesday, defying expectations of a cut following the government's shock move to withdraw high-denomination banknotes from circulation.

The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would stay steady after it was cut to 6.25 percent in October.