Indian rupee has strengthened further on Friday morning supported by the gains in the Indian equity markets and also, as the worries related to euro zone debt crisis eased a bit and boosted the risk appetite. The Asian peers too were showing strength against the dollar and the euro was near its strongest in a week. There has been consistent dollar inflows in the local equity markets that have supported the rupee sentiments.
The partially convertible rupee is currently trading at 51.42, stronger by 15 paise from its previous close of 51.57 on Thursday. It has touched a high and a low of 51.50 and 51.36 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 51.8290 and for Euro it stood at 65.9013 on January 12, 2012. While, the RBI's reference rate for the Yen stood at 67.41 and the reference rate for the Great Britain Pound (GBP) stood at 79.4228. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 12, 2012 | 51.8290 | 79.4228 |
| January 11, 2012 | 51.7495 | 80.0099 |
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