Traders suspect The Reserve Bank of India (RBI) bought bonds and actively intervened in the rupee to support sentiment.
Poor disclosure among India-listed firms is a turnoff for foreign investors.
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday.
Indian companies struggle to escape debt burden as profit slows.
The government needs to take positive action to reaffirm that story.
Rupee and bonds weakened on Thursday after the US Federal Reserve signalled it may increase its policy rates at the next meeting in December.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
Forex market was closed on Thursday on account of Ganesh Chaturthi.
The RBI's next policy review is set for Sept. 29.
Companies are still struggling to recover from years of exuberance.
Balance of payment stood at a surplus of $30.1 billion during January-March
A gradual weakening of the rupee, however, may add to inflationary pressures.
Rbi cut rates for teh third time to ease economic situation.
The RBI chief was speaking to researchers at an analyst call.
RBI governor does not want to move in haste for achieving financial inclusion.
Rajan also said weak results from India's corporate suggested final demand is yet to pick up strongly.
RBI will cut rates in its next policy announcement on June 2.
Analysts expect the Reserve bank to cut rates in next monetary policy.
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