Rupee rose against US dollar on Bernanke's remarks

The Indian rupee rose against US dollar on Wednesday as Federal Reserve Chairman Ben S. Bernanke said central bank can take further steps to sustain a recovery that's “close to faltering" and cautioned lawmakers against making changes in fiscal policy that harm growth

Rupee future for October 2011 contract rose as much as 0.1 paise to Rs. 49.3025 per dollar on the National Stock Exchange (NSE) at 12.18 PM.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3313 per euro (USD depreciated by 0.58 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5431 per pound (USD depreciated by 0.40 per cent against GBP) at 12.25 PM today.

S&P CNX NIFTY, at NSE, traded at 4,800.75, up by 0.60 per cent, after opening at 4,791.30 against the previous closing of 4,772.15. It touched the intra-day high of 4,819.35 till the trading. (At 12.13 PM today).

At NSE, USDINR for October 2011 contract traded at Rs. 49.3025 per dollar, rupee appreciated by 0.1 paise, after opening at Rs. 49.4025 against the previous closing price of Rs.49.5700. It rose to Rs. 49.4025 per dollar with a business volume of 771967 lots till the trading. (At 12.18 PM today).

Read more about: dollar, federal reserve
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