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Indian stocks close lower

Xinhua, August 22, 2016 Adjust font size:

Indian stocks closed lower Monday due to fears of unlikely rate cut in medium term after the new governor of Reserve Bank of India has been appointed.

The benchmark S&P BSE Sensex closed at 27,985.54, 91.46 points or 0.33 percent down from previous close of 28,077.00. Endit