Sensex Halts Seven-Month Rally as RBI Holds India Interest Rates
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India’s benchmark stock index ended a seven-month rally as the central bank kept interest rates unchanged to curb price pressures.
Bharat Heavy Electricals Ltd., the biggest power-equipment maker, fell to a four-month low. Axis Bank Ltd. declined for a second day. Hindalco Industries Ltd., India’s second-largest aluminum producer, ended a two-day advance. The rupee completed its worst quarterly retreat in a year.