Sensex gets the blues before RBI meet, tanks 247 points
Sensex gets the blues before RBI meet, tanks 247 points

A day ahead of Reserve Bank monetary policy meet, Indian shares on Monday hit over two-week lows in late sell-off with the benchmark BSE Sensex tumbling 247 points and the NSE Nifty slipping below the 7,800-mark amid weakness in European markets and mixed Asian cues.

RBI meets select bankers ahead of policy

The Reserve Bank on Tuesday met a select group of public sector and foreign banks ahead of the forthcoming bi-monthly policy meet early next week.

Nifty down 19 points as market awaits RBI policy meet outcome

The 50-share NSE benchmark Nifty hovered between a high of 6,174.75 and a low of 6,125.95 before ending at 6,144.90, a loss of 19.45 points, or 0.32 percent, over its last close.

Sensex down 42 points to over 1-week low ahead of RBI policy meet

The 50-share National Stock Exchange index Nifty edged down by 19.45 points, or 0.32 percent, to 6,144.90. It had touched a high of 6,174.75 intra-day.

RBI hints at another CRR cut as liquidity remains tight

RBI Deputy Governor Subir Gokarn Tuesday said the apex bank will "consider" a further cut in the cash reserve ratio (CRR) if the systemic liquidity conditions continue to be tight.

Govt adviser sees RBI rate pause on Friday

The Reserve Bank of India is expected to hold off on raising rates at a policy meeting on Friday after a long period of tightening, a member of the prime minister's economic advisory team said.