The Troubled Rupee
Rupee at record low as India seen lacking options to brake fall
A top official said the government has options to stem a fall in the rupee but did not offer any specifics, turning the focus on the RBI to stem a rout that sent the rupee to record lows. Full Article
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India's Hindustan Copper shares slump ahead of govt stake sale
MUMBAI |
MUMBAI Nov 23 (Reuters) - Shares in state-run Hindustan Copper Ltd fell as much as 18.6 percent on Friday after the government set the base price for its 4 percents stake sale due later in the day at well below current prices.
The Indian government fixed the base price for its sale of Hindustan Copper shares at 155 rupees per share. Hindustan Copper shares were down 13.7 percent at 229.70 rupees as of 0351 GMT. (Reporting by Manoj Dharra; Editing by Rafael Nam)
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