Rupee rises on U.S. jobs data

Published on Mon, Feb 06, 2012 at 09:12 |  Source : Reuters

Updated at Mon, Feb 06, 2012 at 11:16  

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Rupee rises on U.S. jobs data

MUMBAI (Reuters) - The rupee opened stronger on Monday after surprisingly robust U.S. jobs data bolstered investor risk appetite across world markets.

* At 9 a.m. (0330 GMT), the rupee was at 48.60 to the dollar, its highest since September 21. It ended at 48.6850/6950 on Friday, posting its fifth straight weekly rise.

* The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

(Reporting by Archana Narayanan; Editing by Ranjit Gangadharan)

  

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