The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
Three major central banks have hit the zero limit, the Fed, the European Central Bank and the Bank of Japan.
The US dollar has risen about 15 per cent since mid-2015.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
The fuzziness of Trump's economic blueprint remains the biggest risk.
The move, which could come as a surprise to many investors, was a nod to better prospects for economy and labor market
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
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