Rupee down 55 paise against euro

The Indian rupee fell against euro on Wednesday as Greece's prime minister won parliamentary approval for an international bailout boosting demand for European assets. Rupee futures for March 2012 contract falls as much as 0.55 paise at Rs. 67.1900 per euro on the National Stock Exchange (NSE) at 11.45am.

Sentiment weakened further as the European currency rose before reports tomorrow forecast to show an expansion of services and factory output in Germany.

At the Chicago Mercantile Exchange (CME), EURUSD future for June 2012 contract traded at US$1.3275 per euro (USD depreciated by 0.35 per cent against EUR) and GBPUSD future for June 2012 contract traded at US$1.5880 per pound (USD depreciated by 0.12 per cent against GBP) at 11.47 AM today.

S&P CNX NIFTY, at NSE, was trading at 5,284.25, up by 0.18 per cent, after opening at 5,267.20 against the previous closing of 5,274.85. It touched the intra-day high of 5,287.90 till the trading. (At 11.42 AM today).

At NSE, EURINR for March 2012 contract traded at Rs. 67.1900 per euro, rupee depreciated 0.55 paise against euro, after opening at Rs. 66.8100 against the previous closing price of Rs. 66.6325. Rupee fell to Rs. 66.8100 with a business volume of 5785 lots till the trading (At 11.45 AM today).

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