Gold Silver Reports (GSR) – Rupee Extends Losses, Hits Fresh 13-Month Low – Rupee extended decline against the U.S. dollar to hit fresh 13-month low. The local unit fell as much as 38 paise or 0.58 percent to 66.77 per U.S. dollar.
HDIL
HDIL Falls After Report Says Case Filed On Mumbai Unit For Fraud
Gold Silver Reports (GSR) – HDIL Falls After Report Says Case Filed On Mumbai Unit For Fraud — Shares of the Mumbai-based real estate developer fell as much as 7 percent to Rs 41.40 after Maharashtra’s housing authority accused Guruashish Construction, a subsidiary of HDIL for selling chunks of its land to other developers and failing to build 3,000 flats for public housing, The Times of India newspaper reported.