Rupee slips against Euro

The Indian rupee fell against euro on Tuesday as investors snapped up the European currency on reports that E.U. policymakers will hand over rescue funding to Greece as the country has wrapped up restructuring its debts with private creditors. Rupee futures for March 2012 contract falls as much as 0.11 paise at Rs. 65.9050 per euro on the National Stock Exchange (NSE) at 12.37pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3167 per euro (USD depreciated by 0.08 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5642 per pound (USD depreciated by 0.01 per cent against GBP) at 12.37 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,424.70, up by 1.22 per cent, after opening at 5,391.05 against the previous closing of 5,359.55. It touched the intra-day high of 5,435.95 till the trading. (At 12.35 PM today).

At NSE, EURINR for March 2012 contract traded at Rs. 65.9050 per euro, rupee depreciated 0.11 paise against euro, after opening at Rs. 65.9500 against the previous closing price of Rs. 65.7950. Rupee fell to Rs. 65.8100 with a business volume of 6900 lots till the trading (At 12.37 PM today).

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