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Multibagger Stock Picks - Bulls ended higher

Discussion in 'Fundamental Analysis' started by nivezastock, Sep 16, 2016.

  1. nivezastock

    nivezastock New Member

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    Multibaggerstockpicks - Bulls ended higher ::

    The Indian rupee fell abruptly on Thursday after a television channel reported that the commerce ministry will propose a devaluation in the unit to promote dwindling exports, but trimmed losses after a finance ministry denial. The rupee weakened 0.28 percent to 67.0750 to the dollar before paring losses after the central bank stepped in to prevent a sharp fall. At 0540 GMT, it was trading at 66.9550, lower than Wednesday's close of 66.8875/8975. The finance ministry denied that the government was discussing a possible devaluation of the rupee, whose floating exchange rate is managed by the Reserve Bank of India.

    Stocks to Watch: Jubilant Life Sciences Ltd is on up side while Tata Steel is on down side.

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