Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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Rupee falls below 54; stocks, euro drag

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1 of 2. Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012.

Credit: Reuters/Vivek Prakash/Files

MUMBAI | Mon Oct 29, 2012 2:02pm IST

MUMBAI (Reuters) - The rupee fell to its lowest in over a month on Monday as local stocks gave up gains ahead of the RBI policy review meeting on Tuesday and as the euro was dragged lower by continued uncertainty over Greece and Spain.

At 1:03 p.m., the rupee was trading at 54.00/01 per dollar after earlier hitting a session low at 54.0175, a level last seen September 21.

(Reporting by Subhadip Sircar; Editing by Rafael Nam)
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