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IRB Infrastructure Developers, IRB Infrastructure Trust, have collectively reported the toll revenue of Rs 417 crore for the month of August, showing growth of 24% year-on-year.

The rupee snapped a four-day losing streak to close 24 paise higher at 82.99 against the US dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by the RBI.

State-run general insurers in India now account for less than a third of the industry premium, as larger private non-life insurers have strengthened their position in the market. Public sector insurers saw their premium income decrease by 1% to Rs 34,203 crore during the first five months of the fiscal year.

Several treasury executives told ET that the RBI conducted multiple tranches of short-term ‘sell-buy’ swaps in the foreign exchange market for a cumulative amount of around $8 billion over the last few days. The central bank has not conducted these transactions for such a magnitude for at least three months prior to this, currency market players said.

"The real estate segment often goes through an up-cycle of five to eight years and a market down cycle of 10-12 years," said Gaurav Dua, senior vice president at Sharekhan.

More than $110 billion in bonds sold globally this week, the busiest start to September on record, with issuance heavily skewed to debt due in under 10 years. Prospects of a soft landing in the US and hopes that central banks will soon be able to slow their tightening campaigns make longer-dated debt more attractive to investors. But companies are instead opting to borrow for shorter periods, hoping the money will get cheaper soon.

The fresh issue size of Rs 602 crore is down from the originally envisaged issue of Rs 750 crore, and includes a pre-IPO placement of about Rs 62 crore consisting of 26,27,697 equity shares issued at a price of Rs 236 per equity share to one of its promoters THCL, by way of a rights issue.

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