Rupee declines against euro

The Indian rupee fell against euro on Thursday after a draft statement from European finance ministers showed that the governments are preparing to increase rescue funds against future financial turmoil. Rupee futures for April 2012 contract falls as much as 0.22 paise at Rs. 68.6100 per euro on the National Stock Exchange (NSE) at 11.59am.

The proposal will be presented to finance ministers meeting on Friday and Saturday in Copenhagen.

At the Chicago Mercantile Exchange (CME), EURUSD future for June 2012 contract traded at US$1.3339 per euro (USD depreciated by 0.18 per cent against EUR) and GBPUSD future for June 2012 contract traded at US$1.5922 per pound (USD depreciated by 0.20 per cent against GBP) at 11.59 AM today.

S&P CNX NIFTY, at NSE, was trading at 5,154.55, down by 0.77 per cent, after opening at 5,145.95 against the previous closing of 5,194.75. It touched the intra-day low of 5,139.45 till the trading. (At 11.57 AM today).

At NSE, EURINR for April 2012 contract traded at Rs. 68.6100 per euro, rupee depreciated 0.22 paise against euro, after opening at Rs. 68.4800 against the previous closing price of Rs. 68.3825. Rupee fell to Rs. 68.4700 with a business volume of 7272 lots till the trading (At 11.59 AM today).

Read more about: currency, euro
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