Rupee slips by 16 paise against euro

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The Indian rupee fell against euro on Monday on concerns that the government's widening fiscal deficit could weigh on stocks and trigger foreign fund outflows. Trading volumes remained low during the end of the year and reducing liquidity in the market also influenced the prices. Rupee futures for January 2012 contract falls as much as 0.16 paise at Rs. 69.3750 per euro on the National Stock Exchange (NSE) at 12.16pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.2933 per euro (USD appreciated by 0.14 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5513 per pound (USD appreciated by 0.21 per cent against GBP) at 12.18 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,605.50, down by 0.41 per cent, after opening at 4,640.20 against the previous closing of 4,624.30. It touched the intra-day low of 4,603.15 till the trading. (At 12.14 PM today).

At NSE, EURINR for January 2012 contract traded at Rs. 69.3750 per euro, rupee depreciated 0.16 paise against euro, after opening at Rs. 69.3900 against the previous closing price of Rs. 69.2075. Rupee fell to Rs. 69.2750 with a business volume of 2502 lots till the trading (At 12.16 PM today).

Read more about: currency, euro
Story first published: Monday, January 2, 2012, 22:30 [IST]
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