Rupee falls against US dollar on foreign outflows

Subscribe to GoodReturns

The Indian rupee falls against US dollar on Thursday on sustained foreign capital outflows and dollar gains against the euro and other rivals currencies overseas. Rupee future for December 2011 contract falls as much as 0.35 paise to Rs. 54.3350 per dollar on the National Stock Exchange (NSE) at 11.52am.

Moreover, dollar gains against the euro and other currencies amid concerns over the euro zone debt crisis put pressure on the Indian rupee.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.2988 per euro (USD depreciated by 0.10 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5440 per pound (USD depreciated by 0.17 per cent against GBP) at 11.56 AM today.

S&P CNX NIFTY, at NSE, was trading at 4,699.60, down by 1.34 per cent, after opening at 4,412.80 against the previous closing of 4,763.25. It touched the intra-day low of 4,673.85 till the trading. (At 11.49 AM today).

At NSE, USDINR for December 2011 contract traded at Rs. 54.3350 per dollar, rupee depreciated by 0.35 paise, after opening at Rs. 54.4625 against the previous closing price of Rs. 53.9800. It fell to Rs. 54.2250 per dollar with a business volume of 1067962 lots till the trading. (At 11.52 AM today).

Read more about: dollar, euro zone
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'