The Indian rupee ended weak on Thursday tracking the weakness in Asian peers and euro against dollar, which moved higher after the Federal Reserve left its rate interest rates at exceptionally low levels for an extended period, while it gave no indication of extending $600 billion bond-buying programme. The domestic currency remained in somber mood since beginning; some recovery was seen with dollar selling by exporters and gains in the local equity markets but finally weakness in euro weighed on the rupee.
Finally the Rupee ended at 44.94/95, weaker by 5 piase from its previous close of 44.89/90 on Wednesday. It touched a high and low of 44.9700 and 44.8900 respectively. The Reserve Bank of India's reference rate for the Dollar stood at 44.93 and for Euro it stood at 64.21 on June 23, 2011. While, the RBI's reference rate for the Yen stood at 56.86 and the reference rate for the Great Britain Pound (GBP) stood at 72.0879. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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