Rupee up against euro as Eurozone worries intensifies

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The Indian rupee rose against euro on Monday due to the EU leader's efforts to contain the euro zone debt crisis, the high appetite for risky assets and the upcoming G-20 summit.

Rupee futures for November 2011 contract rose as much as 0.64 paise at Rs. 68.7000 per euro on the National Stock Exchange (NSE) at 11.53am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3987 per euro (USD appreciated by 1.13 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5977 per pound (USD appreciated by 0.81 per cent against GBP) at 12.03 PM today.

S&P CNX NIFTY, at NSE, traded at 5,331.15, down by 0.55 per cent, after opening at 5,358.90 against the previous closing of 5,360.70. It touched the intra-day low of 5,316.95 till the trading. (At 11.46 AM today).

At NSE, EURINR for November 2011 contract traded at Rs. 68.7000 per euro, rupee appreciated 0.64 paise against euro, after opening at Rs. 69.1475 against the previous closing price of Rs. 69.3475. Rupee rose to Rs. 69.1475 with a business volume of 14091 lots till the trading (At 11.53 AM today).

Read more about: euro, euro zone, debt crisis
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