Rupee at near 2-month high tracking shares, Asian peers

MUMBAI: The Indian rupee strengthened to its strongest level in nearly two months on Friday, boosted by gains in domestic shares and other Asian currencies, but the euro's losses versus the dollar may limit very sharp gains.

At 9:49 am (0419 GMT), the partially convertible rupee was at 44.56/57 per dollar, its strongest since May 5. Local shares were up half a percent, taking cues from firm Asian markets, with fears of an imminent default by Greece receding.

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Sensex up in early trade

MUMBAI: A benchmark index for Indian equities markets made a positive start on Friday.

The 30-scrip sensitive index ( Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,974.96 points, was ruling at 18,942.41 points, up 96.54 points or 0.51 percent from its previous close at 18,845.87 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange was also trading in the green at 5,668.55 points, up 0.37%.

Broader markets too saw moderate gains with the BSE midcap index ruling 0.47% higher and the BSE smallcap index up 0.51%.

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