Rupee down by 14 paise against euro

The Indian rupee falls against euro on Wednesday as a result of the weak domestic equity market and on speculation that Italy will sell bills and bonds tomorrow.

The better than expected US consumer confidence data also influenced the prices. Rupee futures for December 2011 contract falls as much as 0.14 paise at Rs. 69.5250 per euro on the National Stock Exchange (NSE) at 12.25pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3062 per euro (USD appreciated by 0.04 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5655 per pound (USD appreciated by 0.09 per cent against GBP) at 12.26 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,711.45, down by 0.82 per cent, after opening at 4,756.20 against the previous closing of 4,750.50. It touched the intra-day low of 4,698.30 till the trading. (At 12.22 PM today).

At NSE, EURINR for December 2011 contract traded at Rs. 69.5250 per euro, rupee depreciated 0.14 paise against euro, after opening at Rs. 69.4425 against the previous closing price of Rs. 69.3800. Rupee fell to Rs. 69.3800 with a business volume of 9943 lots till the trading (At 12.25 PM today).

Read more about: currency, euro
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