Here Are a Few Relevant Results "TATA"

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  • The Indian Rupee slumped to record lows amid a broad based surge in the US dollar overseas and sustained worries due to the soaring Crude oil prices. INR closed at 83.35, down 18 paise on the day. Market also tracked a tepid overseas trade data. Indias goods exports contracted for the seventh successive month while services exports were estimated to have dropped for the first time in well over a year. The goods trade deficit hit a 10-month high. The merchandise import bill for August fell 5.23% year-on-year to $58.64 billion, but was 10.85% higher than Julys $52.9 billion, lifting the goods trade deficit for August to $24.16 billion. WTI Crude oil futures have spiked above $90 per barrel - hitting near an 11 month high and capping the INR despite record highs for local equity markets.

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