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China stocks flat as defensive plays offset tech weakness

HONG KONG: China stocks were largely unchanged on Tuesday, as gains in defensive sectors helped offset weakness in technology shares amid a lack of catalysts. At the midday break, the Shanghai Composite index was up 0.03% at 3,987.56 points. China’s blue-chip CSI300 index was down 0.06%.

Indian Rupee hits fresh two-month high against US Dollar

The Indian Rupee (INR) gains sharply at open against the US Dollar on Tuesday. The USD/INR pair slumps to near 94.88, the lowest level seen in two months, on likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit.

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