Sensex falls 1 pc after RBI holds rates
At 12:05 pm, the 30-share index stems losses to be down 0.38 per cent at 18,084.48. It had fallen as much as 1.24 per cent.business Updated: Jan 29, 2008 13:07 IST
The Bombay Stock Exchange fell more than 1 per cent on Tuesday after the Reserve Bank of India kept interest rates unchanged at its policy review.
The market was expecting the Reserve Bank of India would lower the short-term lending rate by 0.25 percentage points, after a hefty US rate cut last week.
At 12:05 pm, the 30-share index had stemmed losses to be down 0.38 per cent at 18,084.48. It had fallen as much as 1.24 per cent.