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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.”",The TRP private amusement park/ gaming zone did not have a no-objection certificate (NOC) from the fire department, according to officials.",The AR glasses feature two OLED screens, with a resolution of 1080p for each eye, and a 90Hz refresh rate. On the hardware front, the Sightful Spacetop G1 is powered by the Qualcomm Snapdragon QCS8550 chipset and comes with 16GB RAM and 128GB of internal storage.",Paris St Germain (PSG) will kick off their quest for a maiden Champions League trophy in a strong Group F featuring Borussia Dortmund, AC Milan and Newcastle United following the draw on Thursday.",The in-charges of health facilities have also been asked by the civic body to submit an action taken report by May 31.",BYD, the world’s largest producer of EVs and plug-in hybrid vehicles, did not immediately respond to a request for comment. The company previously said it planned to set up manufacturing in India, now the world’s third-largest car market.",Fixed-line or wireline telecommunication refers to telephone and broadband internet services provided through a network of cables.",Carmona scored a 29th-minute goal to clinch a 1-0 win over England and secure Spain their first Women’s World Cup title.",The UK-based author, who arrived at the Bengaluru International Airport from London to participate in the ‘Constitution and National Unity Convention’, was stopped by immigration authorities and sent back to London on Saturday.",Stock markets started the trade on a positive note on Wednesday, continuing their previous day’s rally, in line with a firm trend in global equities.",“It has…been decided to introduce a single-block-and-multiple-debits functionality in UPI, which will significantly enhance the ease of making payments in e-commerce space and towards investments in securities,” RBI Governor Shaktikanta Das said after announcing the bi-monthly policy review.",So far the RBI has raised the repo rate twice – by 40 basis points (bps) in an off-cycle meeting in May and 50 bps in June. and market experts widely anticipate that RBI might hike its benchmark lending rate for the third consecutive time.".