Rupee fall against US dollar due to fall in equities

Posted By: Religare
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The Indian rupee fell against US dollar on Monday due to the fall in domestic equities and the euro on fears that Europe's debt crisis will hurt global growth.

Rupee future for October 2011 contract fell as much as 0.08 paise to Rs. 49.6525 per dollar on the National Stock Exchange (NSE) at 11.45am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3326 per euro (USD appreciated by 0.66 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5495 per pound (USD appreciated by .73 per cent against GBP) at 11.49 AM today.

S&P CNX NIFTY, at NSE, traded at 4,844.45, down by 2 per cent, after opening at 4,874.40 against the previous closing of 4,943.25. It touched the intra-day low of 4,833.50 till the trading. (At 11.44 AM today).

At NSE, USDINR for October 2011 contract traded at Rs. 49.6525 per dollar, rupee depreciated by 0.08 paise, after opening at Rs. 49.6075 against the previous closing price of Rs.49.1600. It fell to Rs. 49.5725 per dollar with a business volume of 686771 lots till the trading. (At 11.45AM today).

Read more about: dollar, europe
Story first published: Monday, October 3, 2011, 12:30 [IST]
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