Five of the six-member monetary policy committee voted for the move, which was predicted by 42 of 48 economists in a Bloomberg survey with the rest seeing a cut to 5.75 percent.
The government and business leaders, however, have been pushing RBI to lower rates to provide an impetus to private investment and boost broader economic growth that has shown signs of revival.
The Reserve Bank of India refused to bite the bullet and kept the key lending rate at a seven-year low of 6 per cent on Wednesday.
The RBI said that "two of the key factors determining the cost of living conditions and inflation expectations - food and fuel inflation - edged up in November". That's still low by Indian standards, but not far from the central bank's 4 percent target.
Sierra Leone's 709-carat 'peace diamond' sells for $6.5 million
The Rapaport Group reports in a news release that it sold the 709-carat Peace Diamond for the government free of charge. The gem, called the "peace diamond", is about the size of an egg and was sold at auction in NY .
Cong, BJP equal contenders in Gujarat polls: Opinion poll
The Congress is also hoping to bridge a gap of nearly 9 per cent vote share, the difference that led the BJP to victory in 2012. Of the top posts in the nagar panchayats, the BJP won 100, while the SP won 83 and BSP 45.
Florida State at Florida
The Greyhounds don't have a player taller than 6-foot-8 while the Seminoles are the third tallest team in the country. The opponent on Wednesday night will be Loyola-Maryland. "Last year's team was a lot tougher than this team".
Another source of RBI discomfort is that core inflation, which excludes food and energy prices, has remained stubbornly high at around 4.5 percent.
Since the last policy in early October, inflation as measured by the Consumer Price Index has accelerated, inching closer to the 4% mark, which is the central bank's medium-term target. "The recent rise in worldwide crude oil prices may sustain, especially on account of the OPECs decision to maintain production cuts through next year", RBI said.
That has sparked renewed calls from some government officials for the RBI, which has cut the repo rate by 200 bps since January 2015, to trim again.
"The recovery is a source of comfort to the RBI as it lowers pressure on them to take a growth-supportive stance", said Radhika Rao, an economist at DBS in Singapore.
"It's too early to predict beyond the February policy meet, we'll have to see how things shape up".