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India Lifts Ban on JPMorgan Unit and Broker

India has lifted a trading ban on a JPMorgan Chase unit and a local broker after they deposited millions of rupees. The regulator previously alleged they manipulated closing auction trades.

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FILE PHOTO: People exit the JPMorgan Chase & Co., headquarters in New York City, U.S., April 1, 2026. REUTERS/Eduardo Munoz/File Photo

India lifted trading restrictions on a JPMORGAN CHASE & CO unit and a local broker after the firms deposited 36.8 million rupees ($386,941). The move follows an inquiry into alleged manipulation of the closing auction session.