Rupee up against the US dollar, euro supports

Business

oi-Monika

By Monika Nihalani

Published: Wednesday, October 5, 2011, 11:03 [IST]

The partially convertible Indian Rupee rose against the US Dollar in early trade after Euro rose against the dollar.

In the domestic currency futures market on the NSE, the Indian Rupee opened at 49.40, low from the previous close of 49.57 and was seen trading at 49.26 around 10:45 am IST.

Euro gained against major currencies after the news that European leaders have stepped forward to prevent major European banks to fall.

However, analysts remained sceptical whether the debt-ridden Greece will get its planned bailout package or not.

The Indian Rupee fell against Euro in domestic trade, it opened at high at 65.59, against the previous close of 65.39 and was trading at 65.58/59 same time.

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