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Equities opened lower in Sydney and mixed in Tokyo after mayhem on Tuesday that saw a global index approach levels from the start of this year. Contracts for the S&P 500 rose 0.8% after the index dropped 1.2% on Tuesday echoing gains in late trading after Lutnick hinted at a compromise with Canada and Mexico.
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The Mumbai Interbank Forward Offer Rate (MIFOR), which gauges currency risk when Indian companies bring dollar funds into India, has fallen over the past month after the RBI bought dollars from banks with an agreement to sell them back three years later, indicating the central bank is ready to lend dollars at a cheaper rate to the market.
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Last year on April 5, Sebi issued a show cause notice to Dahiya alleging failure to identity acquisition of 26.72% shares of YKNP Marketing Management by PB Fintech through its subsidiary PB Fintech FZ-LLC as unpublished price sensitive information as per insider trading rules.
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