Sensex, Nifty at 3-week low on RBI hawkish stance

Tags: Stock Market
Ignoring slash in key policy rates, both the Sensex and Nifty ended at a 3-week low after the Reserve Bank of India (RBI) projected a lower economic growth for current fiscal and concerned over the widening the twin deficit.

Contraction in the world's largest economy, US, for the fourth quarter announced by the US Commerce Department late Wednesday also weighed on the domestic markets.

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