Rupee slips against euro on rising hopes from Euro zone

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The Indian rupee falls against euro on Monday on speculation that the euro zone will tackle its debt crisis this week by offering more cash to the IMF and long-term liquidity to banks. Rupee futures for December 2011 contract falls as much as 0.37 paise at Rs. 69.2025 per euro on the National Stock Exchange (NSE) at 11.48am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3017 per euro (USD appreciated by 0.15 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5477 per pound (USD appreciated by 0.05 per cent against GBP) at 11.50 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,573.25, down by 1.68 per cent, after opening at 623.15 against the previous closing of 4,651.60. It touched the intra-day low of 4,560.25 till the trading. (At 11.45 AM today).

At NSE, EURINR for December 2011 contract traded at Rs. 69.2025 per euro, rupee depreciated 0.37 paise against euro, after opening at Rs. 68.9500 against the previous closing price of Rs. 68.8325. Rupee fell to Rs. 68.9425 with a business volume of 15306 lots till the trading (At 11.48 AM today).

Read more about: currency, euro, nse
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