Rupee rises to 49.38 per dollar

The Indian rupee rose against US dollar on Wednesday due to continued foreign capital inflows in the Indian market and selling of dollar by exporters. Rupee future for February 2012 contract rises as much as 0.105 paise to Rs. 49.3800 per dollar on the National Stock Exchange (NSE) at 12.27 pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3169 per euro (USD depreciated by 0.30 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5725 per pound (USD depreciated by 0.19 per cent against GBP) at 12.29 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,509.75, up by 1.73 per cent, after opening at 5,460.60 against the previous closing of 5,416.05. It touched the intra-day high of 5,514.45 till the trading. (At 12.26 PM today).

At NSE, USDINR for February 2012 contract traded at Rs. 49.3800 per dollar, rupee appreciated by 0.105 paise, after opening at Rs. 49.4875 against the previous closing price of Rs. 49.4850. It rose to Rs. 49.4975 per dollar with a business volume of 743767 lots till the trading. (At 12.27 AM today).

Read more about: currency, dollar
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