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Rating downgrades in Europe to weigh on mkts
Friday’s debt-rating downgrade of euro nations by rating agency Standard and Poor’s (S&P) may weigh on the domestic equity markets when they open for trading tomorrow. The downgrade will not only push up euro nations’ borrowing costs; it may threaten to hurt their economies too, according to analysts. Last week, the markets in India had surged for the second consecutive week on the
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