Split over Europe's rescue plan led to fall in rupee against euro

Posted By: Religare
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The Indian rupee fell against euro on Thursday as euro rose on the split over Europe's rescue strategy which added to concern that the global economic growth is slowing.

Rupee futures for October 2011 contract fell as much as 0.11 paise at Rs. 68.2350 per euro on the National Stock Exchange (NSE) at 11.22am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3697 per euro (USD appreciated by 0.30 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5708 per pound (USD appreciated by 0.28 per cent against GBP) at 11.32 AM today.

S&P CNX NIFTY, at NSE, traded at 5,047.65, down by 1.78 per cent, after opening at 5,086.55 against the previous closing of 5,139.15. It touched the intra-day low of 5,091.30 till the trading. (At 11.18 AM today).

At NSE, EURINR for October 2011 contract traded at Rs. 68.2350 per euro, rupee depreciated 0.11 paise against euro, after opening at Rs. 67.8025 against the previous closing price of Rs. 68.1250. Rupee fell to Rs. 67.8025 with a business volume of 13461 lots till the trading (At 11.22 AM today).

Read more about: currency, euro, futures, nifty
Story first published: Thursday, October 20, 2011, 13:30 [IST]
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