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The Indian equity markets were off the high’s of the day, after climbing initially, as the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4 per cent. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far. READ MORE
Frontline indices like Nifty50 rose 20 points to trade above 17,400 levels, whereas the S&P BSE Sensex climbed over 100 points to trade at 58,400 level.
Realty gain up to 0.4 per cent.
Auto, however, was down 0.1 per cent in trade.
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