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Shares of Bajaj Auto and UPL today fell due to weakness in Argentine peso.
Bajaj Auto fell 1.4 per cent and UPL was down 1.9 per cent.
Argentine peso plummeted 26.5 per cent after the controls were lifted.
The country’s new government floated the currency as part of a slew of free-market reforms aimed at revitalising the stagnant economy.
Latin America contributes nearly 20 per cent of Bajaj Auto’s exports’, according to analysts.
Argentina contributed Rs 330 core to UPL’s FY15 revenues.
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