Why Re tumbled after RBI status quo on repo rate

As the RBI kept repo rate unchanged, Sensex lost 792 points wiping out nearly Rs 3.8 lakh crore of investor money and the rupee, which was already trading near all-time lows, plunged past the 74-mark against the US dollar as the markets were expecting a rate hike.

from Times of India https://ift.tt/2y2HVJw