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Reuters

BENGALURU — Indian shares had been trading decrease on Monday, weighed down by a fall within the nation’s top lender Affirm Financial institution of India by virtually 3% after broken-down quarterly earnings.

The NSE Nifty 50 index was down 0.12% at 17,376.90, as of 0353 GMT, and the S&P BSE Sensex fell 0.11% to 58,323.48. The benchmark indexes on Friday had logged their third straight weekly construct, advancing 1.4% every.

Shares of Affirm Financial institution of India had been down after the bank on Saturday overlooked estimates with a 6.7% fall in first-quarter get hang of profit hit by investment losses.

The Indian rupee opened decrease against the buck on Monday, tracking large decline in Asian mates.

Equities in broader Asia had been subdued on Monday following a solid U.S. payrolls data that pushed abet against focus on of recession but additionally bolstered the case for further significant-sized payment hikes.

(Reporting by Rama Venkat in Bengaluru;bettering by Neha Arora)

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