Excel Funds Management Inc.: Excel India Fund Market Update

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TORONTO, ONTARIO (MARKET WIRE) The Indian markets dropped 1.8 % after the Securities and Exchange Board of India announced their decision to tighten rules for the purchase of shares and bonds in local companies through the use of offshore derivative instruments. The Sensex has surged by 22.8% over the past one month period and today's decline of 1.8% is marginal.

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