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August 15, Wednesday 2018 1:27 AM       

       HEADLINES: Journalists assaulted at Jalandhar Bishop's house                                              Allu Arjun donates Rs 25 lakh to flood-ravaged Kerala                                              Rain fury: Schools to reamin closed in several areas                                              UDF MLAs, MPs to donate Rs 10,000 to relief fund                                              Two shutters of Cheruthoni dam closed                                              Monsoon rains, floods claim 776 lives in seven states; highest 187 dead in Kerala                                              Hajipur shelter home: DPO arrested                                              Anti-Sikh riots: Delhi HC to hear victims' appeals against Sajjan Kumar                                              Tributes paid to Karunanidhi at DMK meet                                              Simultaneous election right in theory but not possible now: Nitish Kumar                                              Erdogan says Turkey to 'boycott' US electronic goods                                              Kohli's plea to fans: Never give up on us                                              David Silva bids adieu to International football                                              13 players including Sanju Samsom served show-cause notice                                              Kaumudi Facebook
       BUSINESS Next Article: RBI keeps policy rate unchanged on inflationary concerns  
       Sensex slides 113 pts as RBI holds policy rate
 
         Posted on :16:18:20 Feb 7, 2018
   
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       Last edited on:16:18:20 Feb 7, 2018
         Tags: Sensex slides 113 pts as RBI holds policy rat
 

MUMBAI: Benchmark Sensex fell over 113 points in volatile trade to end at 34,082.71 today after the Reserve Bank left the key policy rate unchanged but lowered economic growth projection for 2017-18.

The central bank kept the interest rate unchanged as widely expected, but lowered economic growth projection to 6.6 per cent for 2017-18, from 6.7 per cent in its sixth bi- monthly Monetary Policy statement Wednesday.

The 30-share index, which had bounced over 470 points in the opening trade in sync with positive leads from global markets, slipped into the negative zone as participants booked profits at higher levels and hit a low of 34,008.42. It finally finished at 34,082.71 points, down 113.23 points, or 0.33 per cent.

The barometer had lost 2,087.31 points in the previous six straight sessions.

The wider NSE Nifty too ended 21.55 points, or 0.21 per cent down at 10,476.70. Intra-day, it shuttled between 10,614 and 10,446.40.

The Reserve Bank opted for the widely expected status quo in key rates citing inflation concerns and flagged risks from wider fiscal deficit.

The repo rate, at which the central bank lends short- term money, will continue to stay at 6 per cent. The reverse repo, rate at which it borrows from banks and absorbs excess liquidity, will remain at 5.75 per cent.

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       BUSINESS
Next Article: RBI keeps policy rate unchanged on inflationary concerns
 
 
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