This is actually immaterial to a long term investors...

This is actually immaterial to a long term investors strategy.
Hence the institutions have been buying up today, as indicated by the early high volume.
The price recovery is almost complete.
Today's announcement could not have come at a better time, after 3 white soldiers was then followed by a blush top hammer.
In a nutshell that trading action represented a high level of commitment by high volume buyers, who were never going to sell out of pure reflex.
Dont forget that the kind of investor that INR has, has shown themselves to not be typically fickle. Hence the immedite recovery and support today. And I conclude that this announcement really isn't that material to the kind of long term investors we have.
All this announcement does is stretch out the time it will take for INR to challenge it's all time high. I now revise that this will happen within 3 weeks rather than 1.