Monday 16 June 2014

Sensex, Nifty recover; Infosys supports, rupee hits 60/$.

The rupee touched 60 a dollar for the first time since May 12, 2014. Paul Mackel, MD & Head of Asian Currency Research at HSBC cautioned that the Indian rupee may weaken further if the current turmoil in Iraq worsens.

Granules India announced its Paracetamol facility successfully passed a US FDA inspection without any 483 observations. The facility has the world's largest single API production line by volume. Granules's four facilities have successfully passed US FDA inspections in the past 12 months. All of Granules' facilities including its finished dosage and PFI facility are approved by leading regulatory agencies including USFDA, EDQM, Health Canada and Korean FDA.

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