Rupee rises by 14 paise per dollar

Posted By: Religare
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The Indian rupee rose against US dollar on Monday aided by dollar inflows that offset choppy local shares. The selling of dollar by exporters and euro's gains against the US currency in overseas markets strengthened the rupee. Rupee future for January 2012 contract rises as much as 0.14 paise to Rs. 50.2975 per dollar on the National Stock Exchange (NSE) at 12.05pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.2899 per euro (USD appreciated by 0.27 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5546 per pound (USD appreciated by 0.19 per cent against GBP) at 12.07 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,036.60, down by 0.24 per cent, after opening at 5,025.35 against the previous closing of 5,048.60. It touched the intra-day low of 5,021.35 till the trading. (At 12.03 PM today).

At NSE, USDINR for January 2012 contract traded at Rs. 50.2975 per dollar, rupee appreciated by 0.14 paise, after opening at Rs. 50.4000 against the previous closing price of Rs. 50.4450. It rose to Rs. 50.4850 per dollar with a business volume of 675695 lots till the trading. (At 12.05 PM today).

Read more about: currency, dollar, euro
Story first published: Monday, January 23, 2012, 23:31 [IST]
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