Rupee falls against US dollar

Posted By: Religare
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The Indian rupee fell against US dollar on Tuesday on sustained demand for the American currency from banks and importers. Dollar gains against other currencies overseas also put pressure on the Indian rupee. Rupee future for November 2011 contract fell as much as 0.56 paise to Rs. 52.7325 per dollar on the National Stock Exchange (NSE) at 12.03pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3486 per euro (USD appreciated by 0.07 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5638 per pound (USD appreciated by 0.019 per cent against GBP) at 12.12 PM today.

S&P CNX NIFTY, at NSE, traded at 4,809.60, up by 0.65 per cent, after opening at 794.85 against the previous closing of 4,778.35. It touched the intra-day high of 4,835.30 till the trading. (At 12.05 PM today).

At NSE, USDINR for November 2011 contract traded at Rs. 52.7325 per dollar, rupee depreciated by 0.56 paise, after opening at Rs. 52.7975 against the previous closing price of Rs.52.1700. It fell to Rs. 52.3550 per dollar with a business volume of 1063060 lots till the trading. (At 12.03 PM today).

Read more about: dollar, futures, nse
Story first published: Tuesday, November 22, 2011, 23:30 [IST]
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