S P O T L I G H T

Rupee closes at yet another low
MUMBAI, Aug 4 (PTI) — Sustained heavy dollar demand drove the rupee down to yet another all-time low close of Rs 45.41/42 per dollar, but off early intraday lows of Rs 45.43/44 in a fairly active but cautious trade at the interbank foreign exchange (forex) market here today. Genuine dollar demand from corporates, importers and foreign funds continued to exert severe pressure on the rupee, in spite of the Reserve Bank of India steps to stall the rupee depreciation, dealers said.

MRTPC Chairman
NEW DELHI, Aug 4 (PTI) — Justice B.M. Lal was today sworn in as Chairman of the Monopolies and Restrictive Trade Practices (MRTP) Commission by Chief Justice A.S. Anand. Justice Anand administered the oath at a simple ceremony at the Supreme Court this afternoon. It was attended by other judges, Attorney-General Soli Sorabjee and senior advocates. Justice Lal, who retired as the Chief Justice of the Patna High Court, succeeds Justice A.N. Divecha who completed his tenure in May this year.