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View Full Version : Ranbaxy Reports Third Quarterly Loss on Currency - Bloomberg



NewsWhore
04-24-2009, 12:10 PM
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Ranbaxy Reports Third Quarterly Loss on Currency (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3DaWGnGfGVCjGc%26refer%3Dindia&cid=1340316804&ei=FdjxSeqUMoXGsgaF7qmBDA&usg=AFQjCNEbrwKx3LxheYrNCSoOIQMR5IGLWA)
Bloomberg
Ranbaxy booked losses because of wrong-way bets on foreign- currency hedges as the Indian rupee weakened against the dollar for the fifth straight quarter. Sales in the US, the world&#39;s largest drug market, also dropped 14 percent after the regulator ...


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