Rupee edges up against euro

Posted By: Religare
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Rupee edges up against euro
The Indian rupee rose against euro on Monday as euro fell due to the strong domestic equity market and as credit rating agency downgraded Hungary Sovereign Bond rating which put investor in doubt that sovereign debt crisis is spreading in EURO zone. Rupee futures for November 2011 contract rose as much as 0.07 paise at Rs. 69.1825 per euro on the National Stock Exchange (NSE) at 11.30am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3301 per euro (USD depreciated by 0.46 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5501 per pound (USD depreciated by 0.44 per cent against GBP) at 11.37 AM today.

S&P CNX NIFTY, at NSE, traded at 4,800.10, up by 1.19 per cent, after opening at 4,769.30 against the previous closing of 4,710.05. It touched the intra-day high of 4,813.30 till the trading. (At 11.28 AM today).

At NSE, EURINR for November 2011 contract traded at Rs. 69.1825 per euro, rupee appreciated 0.07 paise against euro, after opening at Rs. 69.1725 against the previous closing price of Rs. 69.2575. Rupee rose to Rs. 69.3275 with a business volume of 11904 lots till the trading (At 11.30 AM today).

Dion Global Solutions Ltd

Read more about: euro zone, euro, futures
Story first published: Monday, November 28, 2011, 13:30 [IST]
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