Breaches 56-mark, trades at fresh 3-week low due to strong demand for dollar from banks & importers, particularly oil firms
However, impact on private sector banks tol be minimal, up to 2% in profit terms
Weak German manufacturing data fuelled concerns about slowing growth in Europe's largest economy.
MARKETS-INDIA-RUPEE:Rupee falls to monthly low reforms watched
The net interest income increased to Rs 843.75 cr against Rs 800.81 cr in the same period of previous year
Base rate effectiveness under review due to lack of monetary transmission
Lower revenue, rise in costs, higher provisions hit earnings in a subdued growth environment
Extends losing streak for 4th straight session as dollar gains strength against other currencies overseas
Custodian banks, including a US bank, seen selling intermittently
On the back of mounting fiscal and economic challenges