Sensex down 100 points; Nifty slips below 11,300

MUMBAI: Indian benchmark indices BSE Sensex and NSE’s Nifty 50 halted their record run and traded lower on Tuesday ahead of the Reserve Bank of India’s monetary policy decision tomorrow.

The Indian rupee was trading little changed against the US dollar as traders avoided taking long positions ahead of key central bank meetings this week. Asian share markets weakened, taking cues from the rout in global technology shares.

RBI monetary policy committee may raise policy rates by 25 basis points on Wednesday but is expected to maintain its neutral policy stance given the volatility in crude oil and food prices, economists say.

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