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India's reserves-comprising major currencies, gold special drawing rights and reserves with the International Monetary Fund (IMF)-have been rising steadily since 2013, when the country was part of the "fragile five" category and foreign investors exited because of weak macroeconomic fundamentals.
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On the upside, immediate resistance is expected at 25,250. Stocks such as Coforge, Balrampur Chini, JK Lakshmi Cement, Divis Lab, Torrent Pharma, Titan, Ipca Labs, and Lal PathLabs could attract support-based buying, said analysts.
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Housebuilders say they have thousands of social homes ready to be built but no customers to buy them.
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