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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.”",Losses in domestic stocks and firm crude oil prices, however, restricted the rupee’s gain, forex dealers said.",One of the world’s best artificial intelligence computers is only as smart as a four year old human child,a new study suggests.",Mid-size private sector lender Yes Bank today said it has received approval from the Reserve Bank of India (RBI) to have presence in London and Singapore to support the diaspora business and also international trade.",Malayalam action thriller Christopher, starring Mammootty in the lead role, is all set for its digital debut. The film, which released in theatres on February 9, will soon start streaming on Amazon Prime Video.",Failure to comply with the rules – some of the world’s strictest regulations on online platforms – could result in fines of up to 6% of global revenue or even a ban from operating in the EU, according to the European Commission’s website.",The Government on Tuesday introduced a bill in Lok Sabha which seeks to protect the interest of small depositors by bringing cooperative banks under the RBI regulations.",The northern long-eared and the tricoloured are among a dozen North American bats afflicted by white-nose syndrome, which disrupts their crucial winter hibernation.",offers diverse betting options, from sports betting to casino games and other games of skill, satisfying every playeris preferences.⚡,Ibrahim Bayesh mocked the referee as he was shown a second yellow card, and after that a red card, as a result (the player) ran towards the referee and tried to attack him, and he threatened and insulted the referee,” Iraq’s federation said in a statement on Wednesday.",As they arrived at the venue, Suhana, Ananya, Shanaya and AbRam made a stylish entrance, with Suhana donning a white KKR T-shirt and denim paired with an off-white jacket, while Shanaya sported a similar look. Ananya opted for a chic black ensemble. Juhi Chawla was seen in a white shirt and pants.",The Madras High Court has directed the Director of Medical and Rural Health Services (DMS) to consider a plea from the wife of a doctor, who was a victim of Covid-19 during the first wave in 2020, to provide a suitable job to her under the compassionate ground.".