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Nifty, Sensex at 1-week closing low; RBI keeps rates on hold

Reuters 

(Reuters) - Indian shares hit a one-week closing low on Wednesday after the country's left interest rates unchanged, while resurgent trade worries dented global sentiment.

The benchmark BSE Sensex closed 0.69 percent weaker at 35,884.41, while the broader Nifty ended 0.8 percent lower at 10,782.9.

The of India (RBI) kept interest rates unchanged, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an that has lost some momentum.

Shares of closed lower for a third straight session in the wake of reports of a regulatory probe into the company. The stock ended 6.8 percent lower at its worst closing since April 2013.

(Reporting by in Bengaluru, Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 16:05 IST
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