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India’s Paytm nears record low, down 10% after RBI crackdown

2024.02.04 23:19


© Reuters. FILE PHOTO: Paytm app is seen on a smartphone on this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

BENGALURU (Reuters) – Shares of Indian digital funds agency Paytm slumped 10% to a close to record low on Monday, extending a rout triggered by a regulatory crackdown on the corporate’s banking unit.

The inventory fell by its each day buying and selling restrict to 438.5 rupees, simply shy of the earlier all-time low of 438.35 rupees hit in November 2022.

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