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The Indian equity benchmarks erased early gains and ended lower after a volatile session on Thursday, 5 December, as the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15 percent.
After slashing key interest rates on five successive occasions, the RBI on Thursday kept the repo rate unchanged at 5.15 percent, following the bi-monthly meeting of its Monetary Policy Committee (MPC).
Besides, the central bank has also slashed the GDP growth projection to 5 percent for the current fiscal year from its previous forecast of 6.1 percent, noting that economic activity has weakened further.
Major gainers on the Nifty were Zee Entertainment, TCS, ITC, L&T and Britannia Industries, while losers were JSW Steel, Coal India, Bharti Airtel, IndusInd Bank and Tata Steel, according to Moneycontrol.
(With inputs from BloombergQuint & Moneycontrol.)
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