Indian rupee rises against euro

Posted By: Religare
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The Indian rupee appreciated 0.25 paise to Rs 68.3525 against the euro on Friday on downbeat data out of the euro zone.

The Germany's Federal Statistics Office said the number of unemployed people rose by a seasonally adjusted 9,000 in September while Destatis said that German Retail Sales rose less than expected to a seasonally adjusted 0.3%, from -1.0% in the preceding month.

At MCXSX, EURINR for October 2012 contract traded at Rs. 68.3525 per euro, rupee appreciated 0.25 paise against euro, after opening at Rs. 68.4000 against the previous closing price of Rs. 68.6025. Rupee rose to Rs. 68.6025 with a business volume of 12453 lots till the trading (At 12.32 PM today). 

At the Chicago Mercantile Exchange (CME), EURUSD future for September 2012 contract traded at US$1.2924 per euro (USD depreciated by 0.05 per cent against EUR) and GBPUSD future for September 2012 contract traded at US$1.6249 per pound (USD depreciated by 0.06 per cent against GBP) at 12.30 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,725.80, up by 1.35 per cent, after opening at 5,684.80 against the previous closing of 5,649.50. It touched the intra-day high of 5,735.15 till the trading. (At 12.29 PM today).

Read more about: currency, dollar
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