Sensex plunges 221 pts as RBI keeps policy rate unchanged
February 03, 2015 12:46
After trading in the positive territory in early trade, the benchmark BSE Sensex slumped by 221 points after the RBI kept the interest rate unchanged.
The Sensex, which gained 130.79 points in early trade, fell 221.20 points, or 0.75 per cent, to 28,901.07 at 1215 hours after the Reserve Bank maintained its key lending rate at 7.75 per cent in its 6th bi-monthly monetary policy review.
The gauge had lost 559.50 points in the previous two straight sessions. Similarly, the wide-based National Stock Exchange index Nifty was trading at 8,729.40, down 68.00 points, or 0.77 per cent.
The Sensex, which gained 130.79 points in early trade, fell 221.20 points, or 0.75 per cent, to 28,901.07 at 1215 hours after the Reserve Bank maintained its key lending rate at 7.75 per cent in its 6th bi-monthly monetary policy review.
The gauge had lost 559.50 points in the previous two straight sessions. Similarly, the wide-based National Stock Exchange index Nifty was trading at 8,729.40, down 68.00 points, or 0.77 per cent.
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