Sensex in Red after DMK pulls out of Govt
The BSE Sensex took a heavy beating after the DMK withdrew its support to the Congress-led UPA Government at the Centre, signalling that the collapse of the incumbent government could turn out to be disastrous for the Indian economy.
Earlier, the Reserve Bank of India has reduced the repo rate by 25 basis points to 7.50%. This is the third cut in repo rate in four years. The cash reserve ration (CRR) has been kept unchanged.