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Inflation at 7%, Sensex Down 3% |
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Author: 123jump.com Staff
123jump.com
Last Update: 1:31 PM EDT April 04 2008
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Inflation in March surged to a 4-year high on rising food and energy prices. Investors sold bank stocks and dragged market averages lower and worried that RBI many be forced to act and reduce liquidity in the system. Sensex fell 3.1% or 489 to 15,343.HDFC, ICICI and State Bank of India led the decliners in the Sensex index. |
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