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Rupee rises against US dollar

By Religare

The Indian rupee appreciated by 0.89 paise to Rs 60.0400 against the US dollar on Friday as a result of increased dollar selling by banks and exporters, and strong domestic equity market. Sentiment improved further on hopes recent foreign investor selling could subside after comments from US Federal Reserve officials seen as supporting continued monetary stimulus sparked a global risk rally. At MCXSX, USDINR for July 2013 contract traded at Rs. 60.0400 per dollar, rupee appreciated by 0.89 paise, after opening at Rs. 60.3900 against the previous closing price of Rs. 60.5775. Rupee rose to Rs. 59.8775 per dollar with a business volume of 1535705 lots till the trading. (At 12.37 PM today).


At the Chicago Mercantile Exchange (CME), EURUSD future for June 2013 contract traded at US$1.3051 per euro (USD depreciated by 0.09 per cent against EUR) and GBPUSD future for June 2013 contract traded at US$1.5251 per pound (USD appreciated by 0.07 per cent against GBP) at 12.35 PM today.

S&P CNX NIFTY, at NSE, was trading at 5,791.25, up by 1.92 per cent, after opening at 5,749.50 against the previous closing of 5,682.35. It touched the intra-day high of 5,794.70 till the trading. (At 12.33 PM today).

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Story first published: Friday, June 28, 2013, 22:52 [IST]
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