Rupee falls against euro by 0.35 paise

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The Indian rupee falls against euro on Tuesday as global investors pulled out funds amid weakening economic health with the index of industrial production declining over 5%, and higher than reported trade deficit after government admitted to $9 billion of inflated export figures. Rupee futures for December 2011 contract falls as much as 0.35 paise at Rs. 70.5600 per euro on the National Stock Exchange (NSE) at 11.55am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3192 per euro (USD depreciated by 0.04 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5605 per pound (USD depreciated by 0.16 per cent against GBP) at 12.00 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,761.70, down by 0.06 per cent, after opening at 4,733.60 against the previous closing of 4,764.60. It touched the intra-day low of 4,728.50 till the trading. (At 11.49 AM today).

At NSE, EURINR for December 2011 contract traded at Rs. 70.5600 per euro, rupee depreciated 0.35 paise against euro, after opening at Rs. 70.2150 against the previous closing price of Rs. 70.2075. Rupee fell to Rs. 70.1900 with a business volume of 6167 lots till the trading (At 11.55 AM today).

Read more about: currency, euro, inflation
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