Scraping of Article 370 has presently opened up the hope that outsiders may invest in undaunted property in the union territory.
Lok Sabha on Tuesday approved a resolution abrogating special status to Jammu and Kashmir under Article 370 of the Constitution.
Market sentiment also improved after the government moved a bill to propose bifurcation of Jammu and Kashmir.
Rupee was trading down by 77 paise at 70.37 against the US dollar, amid uncertainty over Kashmir Issue.
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