Rupee up against US dollar

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The Indian rupee appreciated by 0.20 paise to Rs 57.2375 against the US dollar on Thursday as it was boosted by Prime Minister Manmohan Singh's call to formulate an economic recovery plan and improve investor sentiment. At NSE, USDINR for July 2012 contract traded at Rs. 57.2375 per dollar, rupee appreciated by 0.20 paise, after opening at Rs. 57.2500 against the previous closing price of Rs. 57.4425. It rose to Rs. 57.3550 per dollar with a business volume of 621853 lots till the trading. (At 12.20 PM today). Sentiment improved further on dollar selling by banks and exporters, and strong domestic equity market.

At the Chicago Mercantile Exchange (CME), EURUSD future for September 2012 contract traded at US$1.2507 per euro (USD depreciated by 0.30 per cent against EUR) and GBPUSD future for September 2012 contract traded at US$1.5608 per pound (USD depreciated by 0.26 per cent against GBP) at 12.23 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,150.65, up by 0.17 per cent, after opening at 5,148.95 against the previous closing of 5,141.90. It touched the intra-day high of 5,159 till the trading. (At 12.19 PM today).

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