Rupee dropped as investors moved away from local stocks after remained supported recently on rising geo-political worries over North Korea and Syria.RBI released a discussion paper on a proposal to set up “differentiated banks” in the form of wholesale and long-term finance banks to fund large projects. The Nikkei/IHS Markit Services Purchasing Managers’ Index rose to 51.5 in March, its highest level since October, from February’s 50.3.
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