The Indian Rupee recovered from an all-time low of 90.42 against the US Dollar. State-run banks and corporate inflows helped the currency close at 89.97. The Reserve Bank of India likely intervened to prevent further depreciation. Traders anticipate a wide trading range on Friday, with the monetary policy committee set to announce its rate decision.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs