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The single currency has been hurt by growth concerns as the region faces an energy crisis, with investors on edge before Russia halts gas supplies through the main Nord Stream 1 pipeline for three days from Wednesday for unscheduled maintenance.

The IT major Wipro announced the appointment of Wagner Jesus as country head and managing director for operations in Brazil. Wagner joined Wipro three years ago, taking the lead of the non-financial business cluster.

OPEC sources later told Reuters that any cuts by the producer group and its allies, known collectively as OPEC+, are likely to coincide with a return of Iranian oil to the market should Tehran secure a nuclear deal with world powers.

Gold edged higher as the market weighs the outlook for monetary policy ahead of the annual gather of central bankers at Jackson Hole. The weakening economic activity induced some haven buying in the precious metals, snapping six days of declines, ANZ analysts wrote in a note to clients.

New orders for U.S.-manufactured capital goods increased in July, but the pace slowed from the prior month, while solid gains in shipments were also recorded in another sign that the economy continues to grow at a slow pace and was not in recession.

Last year, the RBI had barred three US-based card networks - MasterCard, American Express and Diners Club International - from issuing new cards in India as these companies were perceived to be noncompliant with local data storage rules.

Both the loans are in dollar denomination with a tenor of about three years. They will be priced after adding 125-150 basis points over the Secured Overnight Financing Rate (SOFR), a global rate gauge, people cited above said.

Derivatives and repo markets could well play a role in aiding the corporate bond market to gain momentum as those are billed as popular hedging tools for sophisticated investors betting on bonds sold by companies. "Beyond this, market development and improvements will remain a continuous exercise," he said.

While Axis Bank has formed a separate team to focus exclusively on this segment, Bank of Baroda (BoB) has brought in a co-lending partner to bring in sourcing expertise. IDBI Bank is increasing such loans organically with its offering, Sanjivani Express.

Adani had acquired majority stakes in both the cement companies from Holcim. The mandatory offers by Adani to purchase at least 26% each in ACC and Ambuja Cements will open on August 26 and close on September 9.