Rupee up against euro

Posted By: Religare
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The Indian rupee rose against euro on Monday due to a decision by the International Swaps and Derivatives Association, which declared that Greece's recently-completed debt exchange made investors eligible for payouts on insurance-like contracts designed to protect against losses on Greek sovereign debt. Rupee futures for March 2012 contract rises as much as 0.56 paise at Rs. 65.6800 per euro on the National Stock Exchange (NSE) at 12.03pm.

At the Chicago Mercantile Exchange (CME), EURUSD future for March 2012 contract traded at US$1.3095 per euro (USD appreciated by 0.21 per cent against EUR) and GBPUSD future for March 2012 contract traded at US$1.5667 per pound (USD appreciated by 0.05 per cent against GBP) at 12.04 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,342.75, up by 0.17 per cent, after opening at 5,420.10 against the previous closing of 5,333.55. It touched the intra-day high of 5,421.90 till the trading. (At 12.01 PM today).

At NSE, EURINR for March 2012 contract traded at Rs. 65.6800 per euro, rupee appreciated 0.56 paise against euro, after opening at Rs. 65.8475 against the previous closing price of Rs. 66.2450. Rupee rose to Rs. 65.8475 with a business volume of 6707 lots till the trading (At 12.03 PM today).

Read more about: currency, euro
Story first published: Monday, March 12, 2012, 23:31 [IST]
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