Dec 7 Indian shares snapped two sessions of
gains to close lower on Wednesday after the Reserve Bank of
India unexpectedly kept its repo rate unchanged, despite calls
for action as an intense cash shortage threatens the
The broader NSE index fell as much as 0.81 percent,
before ending 0.50 percent lower at 8,102.05. The benchmark BSE
index closed down 0.59 percent at 26,236.87.
Financials were among the biggest losers, before recovering
some lost ground after the RBI said it would withdraw the
temporary 100 percent hike in the cash reserve ratio announced
late last month.
For the midday report, click
(Reporting by Darshana Sankararaman in Bengaluru; Editing by