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A veteran market commentator, Faber earned his moniker after repeatedly warning about the 1987 stock market crash, which eventually came to pass. Since the 1970s, he has been publishing bearish forecasts, initially for personal use, during a time when many Americans were largely unaware of foreign exchange dynamics and the dollar's valuation against gold and European currencies.
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The majority of February's redemptions were concentrated in short-duration funds, with ultra-short duration funds seeing withdrawals of 4,281.02 crore, money market funds 275.96 crore, and low-duration and overnight funds 2,263.94 crore.
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A Chandigarh resident discovered 37-year-old Reliance share certificates worth Rs 12 lakh but decided against digitization due to bureaucratic hurdles. Social media users urged him to reconsider, citing shorter timelines and outsourcing options.
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