The Indian rupee rose against US dollar on Wednesday on increased foreign capital inflows into the Indian market after the government permitted up to 100% FDI in single-brand retail and dollar losses in overseas markets. Rupee future for January 2012 contract rises as much as 0.07 paise to Rs. 51.9200 per dollar on the National Stock Exchange (NSE) at 12.24pm.
At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.2756 per euro (USD appreciated by 0.16 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5464 per pound (USD appreciated by 0.13 per cent against GBP) at 12.26 PM today.
S&P CNX NIFTY, at NSE, was trading at 4,870.90, up by 0.44 per cent, after opening at 4,863.15 against the previous closing of 4,849.55. It touched the intra-day high of 4,872.55 till the trading. (At 12.22 PM today).
At NSE, USDINR for January 2012 contract traded at Rs. 51.9200 per dollar, rupee appreciated by 0.07 paise, after opening at Rs. 52.1000 against the previous closing price of Rs. 51.9975. It rose to Rs. 52.1275 per dollar with a business volume of 1090809 lots till the trading. (At 12.24 PM today).