ET:Rupee steady on caution before euro zone summit
MUMBAI: The Indian rupee was little changed on Thursday despite a firm euro as traders were cautious before the emergency euro zone meeting due later in the day.
Negative local shares also weighed on sentiment, traders said.
At 9:28 a.m., the partially convertible rupee was at 44.4675/4700, almost unchanged from Wednesday's close of 44.45/46.
The euro rallied against the U.S. dollar in Asia on news Germany and France had agreed a joint position on a debt bailout for Greece, fuelling hopes for real progress after so many false starts.
The index of the dollar against six major currencies was down 0.15 percent at 74.680 points versus 74.837 at the end of local forex trade on Wednesday.
Indian shares fell early on Thursday tailing weak Asian markets, and led by losses in export-driven software services stocks.
