29-Oct-12: Superstorm Sandy struck the U.S. east coast causing massive casualties and financial damage. US stock markets remained closed for 29th and 30th of October. The total financial damage caused is estimated to be in the range of $30 billion to $50 billion. 30-Oct-12: RBI Monetary Policy: CRR slashed by 25 bps, from 4.5% to 4.25%; Repo rate was kept unchanged. 1-Nov-12: Manufacturing PMI jumped to 54.9 in October from 54.4 in September indicating manufacturing activity growth.