BusinessSensex Falls 357 Points, Nifty Below 22500 Amid RBI Rate Hike
On Thursday, the Indian stock market saw a sharp decline due to the Reserve Bank of India's (RBI) hawkish monetary policy stance and weak global cues. Sensex dropped 357.67 points to 72,281.03, while Nifty fell 108.80 points to 22,494.25. RBI raised the repo rate by 25 basis points to 5.50%, shifting to calibrated tightening. Analysts warn of continued caution in markets. The rupee weakened near record lows.
Amar Business·