Indian rupee is expected to rise jan 13 2012

Indonesia stock info - Indian rupee is expected to rise jan 13 2012 ; The Indian rupee is expected to rise on Friday as global risk appetite improved after worries over euro zone funding eased following solid demand at Spanish and Italian debt sales.

* At 0228 GMT, the MSCI index of Asian stocks ex-Japan was up 0.5 percent, while the Nifty India stock futures traded in Singapore were 0.14 percent higher, indicating a mildly positive start for local shares.

* Traders said the rupee should open around 51.40 to the dollar and move in a band of 51.20 to 51.70. It ended 0.6 percent stronger on Thursday at 51.60/61, helped by dollar flows into local debt and suspected intervention by the central bank.

* The euro held its ground in Asia on Friday, having risen broadly overnight after the good response to debt sales in Spain and Italy, raising expectations that an auction of longer-dated Italian bonds later in the day will also do well. Feel free to forward this Op Ed and follow our Blog stock market news today

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