A benchmark index for Indian equities markets pared some of its intra-day losses and closed 74 points lower on Wednesday.

With rising crude oil prices widening the gap between the retail fuel price and their cost of production, the Reserve Bank of India on Tuesday called for an immediate hike in petrol and diesel prices, even if it adds to inflationary pressure and moderates economic growth.

In line with international practice, the RBI on Tuesday decided to anchor monetary policy through a single short term lending rate known as repo rate.

The nation's largest lender State Bank has welcomed the RBI decision to hike the interest rate on savings deposits saying, the measure will in fact bring down the cost of its funds.

The Reserve Bank of India (RBI) on Monday fixed the reference rate for the US dollar at Rs 44.30 per dollar and the euro at Rs 65.57 per euro, as against Rs 44.38 per dollar and Rs 65.83 per euro on last Friday.

A general alert has been sounded and security has been tightened across the state, particularly in the metropolis, to pre-empt any possible "retaliation" by terror outfits following the killing of al Qaeda mastermind Osama bin Laden on Monday, police said.

A general alert has been sounded and security has been tightened across the state, particularly in the metropolis, to pre-empt any possible "retaliation" by terror outfits following the killing of al Qaeda mastermind Osama bin Laden on Monday, police said.

Kings XI Punjab captain Adam Gilchrist won the toss and opted to bowl in their Indian Premier League match against Mumbai Indians here on Monday.

Mumbai Indians beat Kings XI Punjab by 23 runs in their Indian Premier League match here on Monday.

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Deep-seated Pakistani “suspicions of Indian aspirations” in Afghanistan and strong anti-American sentiment have made it difficult for Islamabad to take necessary action against the Taliban and al Qaed