Wednesday, 7 December 2016

Sensex down 200 pts after RBI keeps repo rate unchanged at 6.25%

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RBI says incorporating the expected loss of growth momentum in Q3 and waning effects in Q4 alongside the boost to consumption demand from higher agricultural output and the implementation of the 7th CPC award, GVA growth for 2016-17 is revised down from 7.6 percent to 7.1 percent, with evenly balanced risks.

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