Rupee dips against euro on euro zone concerns

The Indian rupee falls against euro on Thursday as doubts about solving the euro zone debt crisis heightened the prospect of foreign funds outflows from riskier assets. Reserve Bank of India Governor Duvvuri Subbarao said India's economic growth in the current fiscal year is expected to be below 7.6% which also influenced the prices. Rupee futures for December 2011 contract falls as much as 0.01 paise at Rs. 69.0200 per euro on the National Stock Exchange (NSE) at 12.11 pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3080 per euro (USD depreciated by 0.17 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5671 per pound (USD depreciated by 0.09 per cent against GBP) at 12.13 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,666.05, down by 0.58 per cent, after opening at 4,636.90 against the previous closing of 4,693.15. It touched the intra-day low of 4,634 till the trading. (At 12.09 PM today).

At NSE, EURINR for December 2011 contract traded at Rs. 69.0200 per euro, rupee depreciated 0.01 paise against euro, after opening at Rs. 69.9025 against the previous closing price of Rs. 69.0025. Rupee fell to Rs. 68.8450 with a business volume of 4055 lots till the trading (At 12.11 PM today).

Read more about: currency, euro, rbi
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