Rupee rose against US dollar on euro gains

The Indian rupee rose against US dollar on Monday in early trade on the Interbank Foreign Exchange as firmer shares raised hopes for foreign portfolio inflows and sentiment was supported by the euro's gains.

Rupee future for October 2011 contract rose as much as 0.06 paise to Rs. 49.2200 per dollar on the National Stock Exchange (NSE) at 11.37am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3465 per euro (USD depreciated by 0.62 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5595 per pound (USD depreciated by 0.33 per cent against GBP) at 11.45 AM today.

S&P CNX NIFTY, at NSE, traded at 4,939.50, up by 1.05 per cent, after opening at 4,886.85 against the previous clos49ing of 4,888.05. It touched the intra-day high of 4,949.40 till the trading. (At 11.33 AM today).

At NSE, USDINR for October 2011 contract traded at Rs. 49.2200 per dollar, rupee appreciated by 0.06 paise, after opening at Rs. 49.2500 against the previous closing price of Rs.49.2875. It rose to Rs. 49.2800 per dollar with a business volume of 442830 lots till the trading. (At 11.37 AM today).

Read more about: dollar, euro, futures
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