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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A Kashmiri shopkeeper staples together Indian currency notes to make a garland at a market in Srinagar September 3, 2012. REUTERS/Fayaz Kabli/Files

A Kashmiri shopkeeper staples together Indian currency notes to make a garland at a market in Srinagar September 3, 2012.

Credit: Reuters/Fayaz Kabli/Files

Thu Dec 27, 2012 9:44am IST

Reuters Market Eye - Rupee extends gains for a third session, pair at 54.75/77 versus 54.8350/8450 close on Wednesday.

Dealers say strong capital inflows continue to support the rupee with inflows into stocks having topped $24 billion so far in 2012, with over $4 billion in December alone.

Month-end oil related dollar demand may offer some support to pair, dealers say.

Pair has immediate support at 54.65, which offered good resistance on way up, followed by stronger support at 54.50.
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