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Stock markets snap three-day rally on rate hike fears; Sensex drops 318 points

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Stock markets snap three-day rally on rate hike fears; Sensex drops 318 points
Photo / Coverage: The Hindu - Default Feeder
EXECUTIVE SUMMARY

Retail inflation surged to 6.09% in October, breaching the RBI’s upper tolerance limit for the first time in two years and prompting expectations of a rate hike next month

Key Takeaways

  • Stock markets snap three-day rally on rate hike fears; Sensex drops 318 points.

Retail inflation surged to 6.09% in October, breaching the RBI’s upper tolerance limit for the first time in two years and prompting expectations of a rate hike next month

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