Rupee rises by 76 paise against euro

The Indian rupee rose against euro on Thursday as euro fell as concerns about the ability of euro zone countries to refinance their huge public debt dampened investor risk appetite ahead of a French bond auction later in the day. Rupee futures for January 2012 contract rises as much as 0.76 paise at Rs. 68.5100 per euro on the National Stock Exchange (NSE) at 11.55am.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.2921 per euro (USD appreciated by 0.12 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5601 per pound (USD appreciated by 0.07 per cent against GBP) at 11.58 AM today.

S&P CNX NIFTY, at NSE, was trading at 4,771.45, up by 0.46 per cent, after opening at 4,749 against the previous closing of 4,749.65. It touched the intra-day high of 4,774.90 till the trading. (At 11.48 AM today).

At NSE, EURINR for January 2012 contract traded at Rs. 68.5100 per euro, rupee appreciated 0.76 paise against euro, after opening at Rs. 69.1850 against the previous closing price of Rs. 69.2750. Rupee rose to Rs. 69.1850 with a business volume of 6900 lots till the trading (At 11.55 AM today).

Read more about: currency, dollar, euro
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