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Indian equities recover marginally as RBI maintains status quo

rising-trend

New Delhi, April 6: Indian equity markets on Thursday recovered marginally to trade on a flat-to-negative note after the Reserve Bank of India (RBI) maintained status quo on interest rates in its first bi-monthly monetary policy review of fiscal 2017-18.

RBI kept its key lending rate unchanged at 6.25 per cent.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) traded at 9,247.90 points (at 2.40 p.m.) — down 17.25 points or 0.19 per cent. It was trading at 9,229.25 points before the announcement.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which was trading at 29,861.07 points at 2.30 p.m., recovered slightly to 29,927.47 points (at 2.40 p.m.) — down 46.77 points or 0.16 per cent from the previous close at 29,974.24 points.

IANS

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