Rupee edges up against euro

The Indian rupee rose against euro on Thursday as euro fell after Germany didn't raise as much money as hoped at a bond auction. The weak demand for German bonds fueled fears that Europe's largest economy could be sucked into the region's growing debt crisis. Rupee futures for November 2011 contract rose as much as 0.36 paise at Rs. 69.8800 per euro on the National Stock Exchange (NSE) at 12.27pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3364 per euro (USD depreciated by 0.27 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5542 per pound (USD depreciated by 0.23 per cent against GBP) at 12.30 PM today.

S&P CNX NIFTY, at NSE, traded at 4,660.55, down by 0.98 per cent, after opening at 4,707.55 against the previous closing of 4,706.45. It touched the intra-day low of 4,639.10 till the trading. (At 12.26 PM today).

At NSE, EURINR for November 2011 contract traded at Rs. 69.8800 per euro, rupee appreciated 0.36 paise against euro, after opening at Rs. 70.0400 against the previous closing price of Rs. 70.2475. Rupee rose to Rs. 70.0800 with a business volume of 7593 lots till the trading (At 12.27 PM today).

Read more about: euro, debt crisis, euro zone
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