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Indian rupee rises on better risk appetite, dollar inflows

Published January 13, 2012 Updated January 13, 2012 05:42am
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By Shoaib Ur Rehman
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indian-rupeeMUMBAI: The Indian rupee rose on Friday as easing worries over euro zone funding boosted risk appetite across Asian equities and dollar flows into local debt stayed robust.

At 9:02 a.m. (0332 GMT), the rupee was at 51.42/43 to the dollar, 0.4 percent stronger than Thursday close 51.60/61.

Asian shares rose to a one-month high and the euro clung near its strongest in a week on Friday as strong demand in Spanish and Italian debt sales tempered risk aversion ahead of another auction from Rome later in the day.

Copyright Reuters, 2012

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