Rupee rose against US dollar as stocks rebound

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The Indian rupee rose against US dollar on Friday supported by a rise in the domestic stock market and recovery in the equity market in early trade helped the rupee trade higher.

Rupee future for October 2011 contract rose as much as 0.015 paise to Rs. 49.2350 per dollar on the National Stock Exchange (NSE) at 11.31am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3780 per euro (USD depreciated by 0.036 per cent against EUR) at 11.41 AM today.

S&P CNX NIFTY, at NSE, traded at 5,098.70, up by 0.41 per cent, after opening at 5,057.35 against the previous closing of 5,077.85. It touched the intra-day high of 5,104 till the trading. (At 11.35 AM today).

At NSE, USDINR for October 2011 contract traded at Rs. 49.2350 per dollar, rupee appreciated by 0.015 paise, after opening at Rs. 49.3000 against the previous closing price of Rs.49.2500. It rose to Rs. 49.3400 per dollar with a business volume of 463407 lots till the trading. (At 11.31 AM today).

Read more about: dollar, euro, stocks, equities
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