Top headlines: Vehicle sales up 8% in Aug; Fitch affirms rating for 4 NBFCs

Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent

Fitch affirms rating for 4 NBFCs, maintains stable outlook for all

Fitch has affirmed its ratings for four non-banking finance companies--Shriram Transport Finance (‘BB’), Muthoot Finance (‘BB’), Manappuram Finance (‘BB-’) and IIFL Finance (‘B+’) --and maintained stable outlook.

Fitch said ‘BB’ for Shriram Transport Finance Ltd (STFC) reflects the firm’s established franchise in used commercial-vehicle (CV) financing, seasoned management team, established risk controls, and adequate capital and balance sheet buffers. Read more

Rupee rises 23 paise to close at 79.72 vs dollar amid easing crude prices

The rupee appreciated 23 paise to close at 79.72 (provisional) against