The Indian rupee fell 31 paise to close at 91.99 against the US dollar on Wednesday, marking its lowest closing level for the second time in under a week. Increased month-end demand for the greenback and ongoing geopolitical tensions weighed on investor sentiment, offsetting an initial stronger opening.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.