Banking Latest News: India Stocks Fall 1.25% as Rupee Suffers

Wochit 0:43 mins

A weakening rupee and comments from the Reserve Bank of India are joining forces to drive Indian equities lower. The benchmark Sensex index fell 1.25 per cent. The Union Bank of Switzerland says it plans to buy back a fund set up during the 2008 financial crisis into which it offloaded high-risk assets. Softbank Corp CEO Masayoshi Son said on Tuesday no decision had been made regarding a possible initial public offering for Alibaba, China's and the world's largest Internet retailer.

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