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Dhiraj Relli, MD & CEO at HDFC Securities said, “In a surprise meeting today, RBI announced a repo rate hike by 40 bps (to 4.4%) and an increase in the CRR rate by 50 bps. RBI is no longer behind the curve to react to rising inflation numbers. In terms of timing, it took everyone by surprise and the hike of 40 bps is higher than the market expectation of 25 bps in the June Meet. This apart, the increase in CRR by 50 bps will withdraw Rs 87,000cr liquidity in the system. Immediately on the announcement, all interest-rate sensitive stocks fell sharply including Banks, Auto, Real estate, etc. Coming ahead of the US Fed announcement due today, the RBI has taken the lead for the time being after being blamed for being behind the curve by some economists. Nifty could remain under pressure for some time.”",Besides, a weak American currency and foreign fund inflows also supported the domestic unit, forex traders said.",The Premier League has referred Manchester City to an independent commission over more than 100 alleged breaches of finance rules since the club were acquired by the Abu Dhabi-based City Football Group.",Actor Luv Sinha on Monday thanked well-wishers for their concern over his father Shatrughan Sinha’s health, reiterating the veteran star-MP was admitted to a hospital here after he developed a “strong fever” and not because he underwent surgery.",With protests continuing at Maharaja Sayajirao University (MSU) in Vadodara after the completion of the admission process on the Gujarat Common Admission Services (GCAS) portal, eminent alumni, who have formed the Vadodara Citizens’ Forum to raise issues related to MSU, on Tuesday met Chancellor Shubanginiraje Gaekwad at Lukshmi Vilas Palace.",ensures transparency and fairness in every game, with results checked and verified by independent bodies.⚡,The developer beta of iOS 18 and iPadOS 18 is already out, which is usually buggy, while the stable version will be released in September, possibly right after the launch of the next-generation iPhone 16 series. While Apple Intelligence is the headline announcement of the WWDC, only the iPhone 15 Pro series is eligible for the same, while the rest of the devices will get a regular iOS 18 update, which is still packed with a lot of new stuff.",If there’s anything that Malayalam cinema audiences have been denied for the longest time, it’s a complete mass actioner featuring Fahadh Faasil in the lead role. While the Tamil industry produced two notable actioners Vikram and Maamannan and the Telugu industry made Pushpa: The Rise with Fahadh, the best we could achieve in comparison to these films was with Malik and Varathan.",Teams of Delhi’s North district police and Special Cell arrived at Chief Minister Arvind Kejriwal’s Civil Lines residence Monday, along with a team of FSL Rohini, to collect evidence and review CCTV footage in the Swati Maliwal assault case.",Daniil Medvedev’s lead at the top of the men’s tennis rankings took a big hit after he bowed out of his second-round encounter at the 2022 Canadian Open to Nick Kyrgios.",is not only a bookmaker with a rich history but also a symbol of trust and quality in the hearts of players. Its appeal in Asia is constantly increasing, reflecting the love and trust of the betting community.⚡,In a video going viral on the social media, Akmal was seen making fun of Arshdeep’s religion, which prompted a furious response from former India off-spinner Harbhajan Singh.".