Published on March 4, 2015
The Sensex on Wednesday made history by surpassing 30,000 level after RBI announced a surprise rate cut within days of the Budget but the benchmark wiped off all gains to end with a 213-point loss on heavy profit-booking.
For the second time in two months, RBI Governor Raghuram Rajan in an out-of-turn policy rate action lowered repo rate by 0.25 percent before stock markets opened.