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Markets stage sharp recovery after early slide, aided by state election results

Updated : December 11, 2018 01:53 PM IST

Markets initially plunged in reaction to Reserve Bank of India Governor Urjit Patel's unexpected resignation late on Monday, which shocked many investors.
"Patel's resignation bodes poorly for macroeconomic and financial stability in India," Fitch Solutions Macro Research, a unit of Fitch Group, said in a note on Tuesday.
Markets stage sharp recovery after early slide, aided by state election results

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