Sensex, Nifty tumble post RBI monetary policy decision

Equity benchmark indices Sensex and Nifty declined after the RBI kept the policy rate unchanged, citing persistent food inflation. The Sensex fell 570.09 points, while the Nifty dropped 178.2 points. Continuous foreign fund outflows and weak US market trends influenced the decline. The RBI maintained the repo rate at 6.5 percent, awaiting cues from the US Federal Reserve.