Sensex dips 176 pts on rate hike fears

Another rate hike by the RBI looks imminent tomorrow as inflation increased more than estimated in May and March. The RBI may boost rates further to check inflation, said Amar Ambani, head of research at India Infoline.

16 Jun, 2011, 11:08 IST | Mumbai, India

Sensex dips 176 pts on rate hike fears . HT Correspondent . lottorsilhlndustantlmea ttom . MUMBAl The benchmark Sensex at the Bombay Stock Exchange fell by m points or 096% to close at 18138 3 on Wednesday on selling pressure triggered by fears of at least a 25 basis point hike in the repo