Rupee up as euro fell as Europe's continuing debt woes

Posted By: Religare
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The Indian rupee rose against euro on Wednesday as euro fell as Europe's continuing debt woes overwhelmed positive data coming out of the continent. Rupee futures for January 2012 contract rises as much as 0.11 paise at Rs. 69.6500 per euro on the National Stock Exchange (NSE) at 12.19pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3038 per euro (USD appreciated by 0.11 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5642 per pound (USD appreciated by 0.04 per cent against GBP) at 12.20 PM today.

S&P CNX NIFTY, at NSE, was trading at 4,746.90, down by 0.39 per cent, after opening at 4,774.95 against the previous closing of 4,765.30. It touched the intra-day low of 4,740.80 till the trading. (At 12.17 PM today).

At NSE, EURINR for January 2012 contract traded at Rs. 69.6500 per euro, rupee appreciated 0.11 paise against euro, after opening at Rs. 69.8500 against the previous closing price of Rs. 69.7625. Rupee rose to Rs. 70.3325 with a business volume of 5003 lots till the trading (At 12.19 PM today).

Read more about: currency, dollar, euro
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