Rupee rises by 44 paise against euro

The Indian rupee rose against euro on Tuesday after Moody's cut the debt ratings and outlook of several European countries. Rupee futures for February 2012 contract rises as much as 0.44 paise at Rs. 64.9775 per euro on the National Stock Exchange (NSE) at 12.18 pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3141 per euro (USD appreciated by 0.22 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5704 per pound (USD appreciated by 0.29 per cent against GBP) at 12.19 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,404.70, up by 0.27 per cent, after opening at 5,380.80 against the previous closing of 5,390.20. It touched the intra-day high of 5,415.60 till the trading. (At 12.15 PM today).

At NSE, EURINR for February 2012 contract traded at Rs. 64.9775 per euro, rupee appreciated 0.44 paise against euro, after opening at Rs. 65.2475 against the previous closing price of Rs. 65.4175. Rupee rose to Rs. 65.2475 with a business volume of 6553 lots till the trading (At 12.18 PM today).

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