Sensex Plunges Over 1,000 Points After RBI Raises Rates by 0.25%

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India's Sensex stock index tumbled more than 1,000 points, hit by selling from foreign investors and the Indian central bank's announcement of tighter monetary policy with a 0.25% rate hike to 5.5%. The S&P BSE Sensex closed at 71,593.24 points, down 1,045.46 points, or 1.44%. Metal stocks led the decline.

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