Banks bore the brunt of the sell-off.
The committee said the move 'clearly undervalued the company and its long-term growth prospects'.
A two-year extension at the helm of the RBI still looks a real possibility
Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
They believe that long-term story is intact.