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Friday, March 16, 2012

After last week's cut in cash reserve ratio (CRR) for scheduled banks, the Reserve Bank of India (RBI) kept both CRR and repo rates unchanged in today's mid-quarter monetary policy review meet. In reaction to this, the Indian stock markets have fallen further into the negative territory after opening trade on a weak note. At the time of writing, BSE Sensex was down by 217 points (1.2%). Red marks were seen across all sectoral indices.  Asian stock markets presented a mixed picture with Japan (up by 0.7%) being the top gainer, while China (down by 0.7) faced selling pressure.

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