The yen saw a slight uptick as Japanese authorities issued their strongest warning yet regarding intervention, signaling readiness to act against the currency’s recent lows. Despite this, analysts anticipate continued near-term yen weakness due to the Bank of Japan’s cautious stance on future rate hikes. The U.S. dollar also remained under pressure, continuing its December decline against major peers.
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