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Sensex tumbles 244 pts as RBI keeps rates untouched

Mumbai: In a highly volatile trade, the Sensex Monday tumbled 244 points as RBI unexpectedly kept lending rates unchanged sparking off hectic selling, especially in interest-sensitive stocks banks, realty and auto.

Black money: Snoop agencies report real estate as top violator

NEW DELHI: Economic intelligence agencies have informed the  Finance Ministry  that a major chunk of illegal funds and  black money  is being generated and routed in the  real estate  sector of the country.