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Most Asian stocks fall after RBI raises rate

Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high

Bloomberg 

Most Asian stocks declined after India unexpectedly raised its key interest rate. Japanese exporters gained as the yen weakened, while the regional benchmark index held at a four-month high. DLF Ltd., India's biggest developer, tumbled 11 per cent in Mumbai. CapitaLand Ltd, Southeast Asia's largest homebuilder, slipped 2.5 per cent in Singapore after proposing a convertible bond offering. Nikon Corp, a camera maker that gets 85 per cent of sales outside Japan, climbed 6.4 per cent in Tokyo. Shiseido Co surged 5.8 per cent after the cosmetics makers' shares were recommended by ...

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First Published: Sat, September 21 2013. 00:02 IST
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