BSE Sensex and NSE Nifty close lower on Tuesday. Photo: ReutersMumbai: The BSE Sensex closed below the 33,000-mark on Tuesday after rising inflation numbers squeezed the headroom for an interest rate cut by the Reserve Bank of India (RBI) at its policy review in December. Inflation at the wholesale level raced to a six-month high of 3.59% in October, fuelled by food articles, data released showed. Retail or consumer price index-based inflation, which came in on Monday, had jumped to a seven-month high of 3.58% in October. The broader 50-share NSE Nifty dropped 38.35 points, or 0.38%, to close at 10,186.60 after shutting between 10,248 and 10,175.55.

Source: Mint November 14, 2017 04:07 UTC