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The Indian Rupee weakened by eight paise on Monday, closing at 89.98 against the US Dollar. Foreign fund outflows and a downturn in domestic stock markets pressured the currency. Importers' demand for dollars also contributed to the decline. Analysts anticipate the Rupee to trade within a specific range this week, with key US economic data on the horizon.
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Illinois will get $193 million from the federal government next year to support rural health care in the wake of cuts to Medicaid.
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Coforge's acquisition of Encora is seen as a transformative, high-stakes deal strengthening long-term capabilities but creating near-term pressure on earnings and stock. Analysts cite the acquisition's size, valuation, and complexity as reasons for potential short-term stock weakness, though many view the recent correction as a buying opportunity for long-term investors.
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