India's Sensex slumps to new low updates news aggregator

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meanwhile, the figureserve bank of india (rbi) has cut the cash reserve ratio for banks to 7.5% to help generate more cash in the banking saystem .

indian stocks fell sharply by nearly 1,000 points to a three-year low in the opening session of trading on friday, registering a drop of 9% .

some traders say the figures show that foreign investors are queuing up to exit the indian market .

Generated 2008-10-24_3:15

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