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Nifty, Sensex fall over 1 percent; financials drag

Reuters 

By Krishna V Kurup(Reuters) - Indian shares fell more than 1 percent on Thursday, a day after the central bank decided to hold interest rates in light of easing inflation to support the economy.The Reserve Bank of India (RBI) kept interest rates unchanged and retained its 'calibrated tightening' stance on Wednesday as widely expected and took steps to persuade banks to lend more to help boost an economy that has lost some momentum.Meanwhile, the government, which has been at loggerheads with the central bank, said it welcomed the Monetary Policy Committee's assessment but it believed the ...

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First Published: Thu, December 06 2018. 11:59 IST
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