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Rupee rises against US dollar

By Religare

The Indian rupee appreciated by 0.29 paise to Rs 55.0225 against the US dollar on Monday as a result of fresh selling of the American currency by banks in the midst of constant capital inflows into the equity market. At MCXSX, USDINR for November 2012 contract traded at Rs. 55.0225 per dollar, rupee appreciated by 0.29 paise, after opening at Rs. 55.2450 against the previous closing price of Rs. 55.3150. It rose to Rs. 55.2450 per dollar with a business volume of 638374 lots till the trading. (At 12.16 PM today).


At the Chicago Mercantile Exchange (CME), EURUSD future for December 2012 contract traded at US$1.2766 per euro (USD appreciated by 0.12 per cent against EUR) and GBPUSD future for December 2012 contract traded at US$1.5921 per pound (USD depreciated by 0.36 per cent against GBP) at 12.15 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,565.15, down by 0.16 per cent, after opening at 5,577.30 against the previous closing of 5,574.05. It touched the intra-day low of 5,552.25 till the trading. (At 12.14 PM today).

Story first published: Monday, November 19, 2012, 16:30 [IST]
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