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Business Briefs

Rupee hits new high at 45.57

Mumbai, Dec. 8: Heavy bunched up weekend dollar supplies and a lingering weak dollar against major global currencies, particularly the euro, drove the rupee to new three-week highs and stretched gains to the eight straight session today. In an otherwise quiet and range-bound trade at the interbank foreign exchange (forex) market, the rupee closed at Rs 45.56/57 per dollar, yet another four paise rise from last Friday’s close of Rs 45.60/61, following a firm opening slot of Rs 45.57/59 per dollar.

Gold price

Mumbai, Dec. 8: Gold prices shot up and ended at an all-time high of Rs 6,115 per 10 gram on the bullion market here today on hectic stockists’ and investment buying following a steep rally in the international prices.

Ranbaxy drug

New Delhi, Dec. 8: Ranbaxy Laboratories has received final approval from US Food and Drugs Administration to manufacture and market amoxicillin and clavulnate potassium tablets, a generic version of GlaxoSmithkline’s augmentin.

CSE meet

Calcutta, Dec. 8: The Calcutta Stock Exchange is likely to announce a date for holding annual general meeting within the next two to three days, administrator Tushar Kanti Das said today.

FII surge

Mumbai, Dec. 8: The foreign institutional investors (FIIs) continued their massive investment in equity market by netting purchases of Rs 1,523.4 crore ($335.6 million) for the trading week ended December 5.


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