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RBI's 'Calibrated Tightening' Drags Indian Markets Lower Amid Global Headwinds
Rediff· 2026-10-08 13:26
Indian stock markets, including the Sensex and Nifty, experienced a downturn following the Reserve Bank of India's decision to raise its repo rate and signal further monetary tightening, exacerbated by surging crude oil prices and significant foreign fund outflows.Photograph: Danish Siddiqui/ReutersSensex and Nifty50 Performance: Key Market Highlights TodayIndian benchmark indices, Sensex and Nifty, saw declines in early trade due to the RBI's hawkish stance and global monetary tightening prospects.The Rese ...