The Indian rupee rose against euro on Tuesday as euro fell after rating agency Standard and Poor's cut the rating of nine European nations and also due to the expected downgrading of French bonds. Rupee futures for January 2012 contract rises as much as 0.15 paise at Rs. 65.2250 per euro on the National Stock Exchange (NSE) at 12.07pm.
At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.2728 per euro (USD depreciated by 0.55 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5373 per pound (USD depreciated by 0.38 per cent against GBP) at 12.09 PM today.
S&P CNX NIFTY, at NSE, was trading at 4,954.40, up by 1.65 per cent, after opening at 4,904.50 against the previous closing of 4,873.90. It touched the intra-day low of 4,904 till the trading. (At 12.05 PM today).
At NSE, EURINR for January 2012 contract traded at Rs. 65.2250 per euro, rupee appreciated 0.15 paise against euro, after opening at Rs. 65.3850 against the previous closing price of Rs. 65.3700. Rupee rose to Rs. 65.3850 with a business volume of 3892 lots till the trading (At 12.07 PM today).