Rupee rises to 53.51 per dollar

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The Indian rupee rises against US dollar on Tuesday as the US currency weakened against euro and other major currencies. The firm domestic equity markets also supported the rupee. Rupee future for January 2012 contract rises as much as 0.07 paise to Rs. 53.5150 per dollar on the National Stock Exchange (NSE) at 12.20pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.2988 per euro (USD depreciated by 0.40 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5556 per pound (USD depreciated by 0.27 per cent against GBP) at 12.25 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,735.05, up by 2.12 per cent, after opening at 4,675.80 against the previous closing of 4,636.75. It touched the intra-day high of 4,736.25 till the trading. (At 12.16 PM today).

At NSE, USDINR for January 2012 contract traded at Rs. 53.5150 per dollar, rupee appreciated by 0.07 paise, after opening at Rs. 53.4925 against the previous closing price of Rs. 53.5850. It rose to Rs. 53.5675 per dollar with a business volume of 425013 lots till the trading. (At 12.20 PM today).

Read more about: currency, dollar
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