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.

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.

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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.