Rupee falls on bail out funds

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The Indian rupee fell against euro on Wednesday as German Chancellor Angela Merkel offered a concession to increase the size of bailout funds to €690 billion ahead of the key finance ministers meeting. Rupee futures for March 2012 contract falls as much as 0.10 paise at Rs. 67.8550 per euro on the National Stock Exchange (NSE) at 11.54am.

At the Chicago Mercantile Exchange (CME), EURUSD future for June 2012 contract traded at US$1.3327 per euro (USD depreciated by 0.06 per cent against EUR) and GBPUSD future for June 2012 contract traded at US$1.5955 per pound (USD depreciated by 0.04 per cent against GBP) at 11.55 AM today.

S&P CNX NIFTY, at NSE, was trading at 5,216.45, down by 0.51 per cent, after opening at 5,231.70 against the previous closing of 5,243.15. It touched the intra-day low of 5,201.70 till the trading. (At 11.51 AM today).

At NSE, EURINR for March 2012 contract traded at Rs. 67.8550 per euro, rupee depreciated 0.10 paise against euro, after opening at Rs. 67.7675 against the previous closing price of Rs. 67.7475. Rupee fell to Rs. 67.7550 with a business volume of 8207 lots till the trading (At 11.54 AM today).

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