MUMBAI, AUG 20: The SBI scrip spurted in unofficial kerb deals on brisk buying support on rumours that the Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to buy 81 lakh shares of SBI. If this materialises, FII stake in SBI will go above the 20 per cent limit.

The scrip spurted to Rs 333 on heavy buying support by speculators in kerb deals. Earlier, on Bombay Stock Exchange the SBI scrip closed at Rs 320.50.A depreciating rupee coupled with news that the United Front would stand by its promise with regard to the petrol price hike at the next meeting scheduled for August 21 saw the Sensex recoverer by 69.26 points over the previous close to end at 4,234.63 points.

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