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Friday 5 October 2018

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Why rupee tumbled after RBI status quo on repo rate

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As the RBI kept repo rate unchanged, Sensex lost 792 points wiping out nearly Rs 3.8 lakh crore of investor money and the rupee, which was already trading near all-time lows, plunged past the 74-mark against the US dollar as the markets were expecting a rate hike.

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