Rupee declines against US dollar

Posted By: Religare
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The Indian rupee falls against US dollar on Monday weighed down by gains posted by the American currency against other peers overseas amid a lower opening in the domestic equity market. Rupee future for December 2011 contract falls as much as 0.38 paise to Rs. 53.2250 per dollar on the National Stock Exchange (NSE) at 11.47am.

At the Chicago Mercantile Exchange (CME), EURUSD future for December 2011 contract traded at US$1.3017 per euro (USD appreciated by 0.15 per cent against EUR) and GBPUSD future for December 2011 contract traded at US$1.5477 per pound (USD appreciated by 0.05 per cent against GBP) at 11.50 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,573.25, down by 1.68 per cent, after opening at 623.15 against the previous closing of 4,651.60. It touched the intra-day low of 4,560.25 till the trading. (At 11.45 AM today).

At NSE, USDINR for December 2011 contract traded at Rs. 53.2250 per dollar, rupee depreciated by 0.38 paise, after opening at Rs. 53.1300 against the previous closing price of Rs. 52.8375. It fell to Rs. 52.9850 per dollar with a business volume of 774146 lots till the trading. (At 11.47 AM today).

Read more about: dollar, currency
Story first published: Monday, December 19, 2011, 23:30 [IST]
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