Rupee appreciates against euro

The Indian rupee appreciated 0.82 paise to Rs 69.7500 against the euro on Monday as a result of concerns regarding the leadership changes in France and Greece which in turn have renewed fears of the euro crisis. At NSE, EURINR for May 2012 contract traded at Rs. 69.7500 per euro, rupee appreciated 0.82 paise against euro, after opening at Rs. 69.2000 against the previous closing price of Rs. 70.5750. Rupee rose to Rs. 70.1025 with a business volume of 9283 lots till the trading (At 12.14 PM today).

Sentiment improved further as the European currency weakened after voters in Greece rejected the austerity measures of the present government and also as Francois Hollande became France's first Socialist president in almost 20 years.

At the Chicago Mercantile Exchange (CME), EURUSD future for June 2012 contract traded at US$1.3010 per euro (USD appreciated by 0.56 per cent against EUR) and GBPUSD future for June 2012 contract traded at US$1.6142 per pound (USD appreciated by 0.02 per cent against GBP) at 12.21 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,998.35, down by 1.74 per cent, after opening at 5,017.80 against the previous closing of 5,086.85. It touched the intra-day low of 4,990.30 till the trading. (At 12.12 PM today).

Read more about: currency, euro
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