Rupee falls against euro on falling GDP fears

The Indian rupee fell against euro on Friday as Planning Commission Deputy Chairman Montek Singh Ahluwalia said the India's third quarter GDP numbers could be decelerating compared to previous quarter. Rupee futures for December 2011 contract falls as much as 0.16 paise at Rs. 69.0200 per euro on the National Stock Exchange (NSE) at 12.12pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3084 per euro (USD depreciated by 0.19 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5673 per pound (USD depreciated by 0.03 per cent against GBP) at 12.15 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,742.40, up by 0.19 per cent, after opening at 4,763.20 against the previous closing of 4,733.85. It touched the intra-day high of 4,763.45 till the trading. (At 12.09 PM today).

At NSE, EURINR for December 2011 contract traded at Rs. 69.0200 per euro, rupee depreciated 0.16 paise against euro, after opening at Rs. 68.8750 against the previous closing price of Rs. 68.8525. Rupee fell to Rs. 68.8300 with a business volume of 4251 lots till the trading (At 12.12 PM today).

Read more about: currency, dollar, gdp
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