Sensex ends marginally higher, Nifty above 9,650 after RBI policy outcome

The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively

The benchmark indices ended marginally higher after the Reserve Bank of India (RBI) kept the repurchase (repo) rate unchanged at 6.25%, while lowering projections for inflation and striking a less hawkish tone in its second bi-monthly monetary policy for financial year 2017-18.

The RBI, however, cut banks' statutory liquidity ratio - the amount of government securities they must set aside - by 50 basis points to 20% of total deposits starting on June 24.  

"We believe that the tone of the communique was much less hawkish than the April policy but do not expect any immediate cut in