Lenders fall on fears of delay in rate cuts

Reuters Market Eye - Lenders fall as global market turmoil and falling rupee raise concerns RBI will delay any rate cuts.

The rupee weakened to its lowest in 13 months on concerns over global economy, Russia rate hike.

ICICI Bank Ltd falls 3.1 percent, Kotak Mahindra Bank down 2.2 percent.

NSE banking index is trading 1.7 percent lower.

(Reporting by Himank Sharma)