11:14 AM
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The BSE Sensex fell over 200 points, while the rupee slipped past the 63 per dollar on Monday amid a political standoff in the US that threatens to slow growth and spook investors worldwide. The Wall Street fell on Friday for the sixth day out of the last seven as nervous investors fretted about whether the government could shut down this week.
Here's your 10-point cheat-sheet on the global development:
Democrats, Republicans in showdown over shutdown: The Republican-controlled House of Representatives on Saturday passed a proposal to delay by a year key parts of President Barack Obama's health care law and repeal a tax on medical devices, in exchange for avoiding a shutdown. The Senate is slated to convene Monday afternoon and Majority Leader Harry Reid has already promised that Democrats...
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