Rupee weakens against dollar

Posted By: Religare
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The Indian rupee fell against US dollar on Tuesday weighed down by slowing domestic growth and worries that the euro zone's debt crisis could spill over into the global economy and put more pressure on riskier currencies. Rupee future for December 2011 contract falls as much as 0.17 paise to Rs. 53.1500 per dollar on the National Stock Exchange (NSE) at 12.08pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3020 per euro (USD appreciated by 0.04 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5508 per pound (USD depreciated by 0.006 per cent against GBP) at 12.11 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,600.5, down by 0.27 per cent, after opening at 4,635.80 against the previous closing of 4,613.10. It touched the intra-day low of 4,580.20 till the trading. (At 12.05 PM today).

At NSE, USDINR for December 2011 contract traded at Rs. 53.1500 per dollar, rupee depreciated by 0.17 paise, after opening at Rs. 53.2100 against the previous closing price of Rs. 52.9800. It fell to Rs. 53.0000 per dollar with a business volume of 598507 lots till the trading. (At 12.08 PM today).

Read more about: currency, dollar
Story first published: Tuesday, December 20, 2011, 22:30 [IST]
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