Reuters Market Eye - The USD/INR at day's low, now at 53.24/35 vs 53.47/48 last close, after the euro recovers from prior falls. RBI is believed to have sold dollars in the morning, according to four dealers.
Exporters' stop losses at 53.50 were triggered after RBI's intervention talk, magnifying the losses in USD/INR, dealers said.
Euro now trading at $1.3011/15 after earlier hitting a three-month low at $1.2955.
Local stocks now down 1.3 percent after falling as much as 1.9 percent.
Strong demand for Samsung's Galaxy Note 7 tests supply chain
SEOUL Better-than-expected demand for Samsung Electronics Co Ltd's new Galaxy Note 7 is causing supply constraints globally, the South Korean tech giant said on Wednesday, suggesting strong initial sales for the new premium smartphone.
China cracks down on peer-to-peer lending to curb illegal activities
BEIJING China's banking regulator issued tough new rules on Wednesday to tighten regulation of the country's $60 billion peer-to-peer lending sector, which has been dogged by scandals and fraud.
As China e-commerce booms, private equity sees room for growth in storage space
HONG KONG When U.S. private equity heavyweight Warburg Pincus started looking at China's logistics sector in late 2009, there were more modern warehouses in Boston than in the whole of the world's most populous country.