German parliament's budget committee approved the purchase of four additional MEKO A-200 frigates from ThyssenKrupp Marine Systems (TKMS).

Sept 24 — IFC executive board approved under the AOB simplified procedure an up-to-$150m A‑loan to New Hope Singapore Ltd, a wholly owned subsidiary of China’s New Hope Liuhe Co., to finance expanded animal-feed production capacity and related working capital in Egypt, Bangladesh, Cambodia, Nepal and Vietnam, aimed at strengthening local agricultural supply-chain resilience and food security and supporting rural jobs and farm incomes.

Despite using almost all tools — including rate hikes, measures to attract overseas deposits and tens of billions of dollars of FX intervention — the rupee is closing in on its record low. It sits only about 0.2% from the May trough of 96.97 per dollar, highlighting pressure from a global surge in yields and concerns over high oil prices. RBI intervention has drained FX reserves by $51 billion in the four weeks to Oct. 2, and the first rate increase in nearly four years has not stopped the currency's slide. Ritesh Bhansali, deputy CEO at Mecklai Financial Services Pvt., said the sharp reserve fall is worrying and that intervention is currently the only support for the rupee.