RBI hikes repo rate by 50 bps to 5.9℅
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) hiked the repio rate by 50 basis points (bps) to 5.90 per cent with immediate effect.
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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.
The…