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Indian markets plunge 11%

October 24, 2008
India's main Bombay Stock Exchange or BSE sensitive index, the Sensex, extended losses to almost 11 per cent on Friday.

However, bond yields bounced back after initially falling after the Reserve Bank of India or RBI kept key rates steady in its policy review.

But with the growing fears of a global recession setting in and a steady credit policy, markets plunged.

Video: ANI
Also see: Rate cut in line with govt policy: FM

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