Sensex dips by 426 on fears of cautious RBI policy, Fed taper

Update: 2014-01-28 00:27 GMT
However, gold rose for the third day, adding Rs 70 to Rs 30,570 per 10 gram in the national capital.
Reports of Argentina abandoning support to its currency peso on the open market too hit sentiments and expectations of the US Federal Reserve tapering its bond-buying programme by another $10 billion to $65 billion per month on Wednesday too made investors jittery.

Tuesday’s RBI policy meet too is expected to keep key rates constant as Governor Raghuram Rajan has called inflation a ‘destructive disease’ and a panel jas proposed making retail inflation the priority.

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