Thursday, September 19, 2013
Rupee, Sensex extend losses after RBI hikes repo rate | |||||||
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yahoo finance
MUMBAI (Reuters) -
Federal bonds, rupee and stocks extended losses on Friday after the
Reserve Bank of India unexpectedly raised the key policy rate by 25
basis points to 7.50 percent.
The 10-year bond yield rose 18 basis points to 8.36 percent from levels before the decision.
The rupee extended losses, falling as much as 62.10/15 to a dollar from 61.93/61.99 previously.
The BSE Sensex was trading down 2.5 percent while the Nifty fell 2.6 percent at 11.19 am.
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| RAHUL KUMAR | |||||||
| P.G.D.M-1ST | |||||||
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