"benchmark-interest-rate"

Sheds 4,451.28 points amid heavy selling triggered by worries that US economy may be in worse shape than expected

The Reserve Bank may go in for 25 basis points hike in benchmark interest rate at the bi-monthly policy to be unveiled on Thursday

The key lending rate, the repo rate, was kept at 4 per cent and the reverse repo rate or the central bank's borrowing rate at 3.35 per cent

The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with Reserve Bank of India (RBI).