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Stock Markets turn negative after RBI decision

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sensex, nifty

Mumbai: The Sensex is down 80.75 points or 0.3 percent at 24744.08, and the Nifty is down 35.80 points or 0.5 percent at 7520.15 after RBI declared its decision to keep repo rate unchanged.

The central bank has kept cash reserve ratio (CRR) of scheduled banks unchanged at 4 percent. Consequently, the reverse repo rate under the LAF will remain unchanged at 5.75 percent, and the marginal standing facility (MSF) rate and the bank rate at 7.75 percent.

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