The Indian rupee has weakened further on Monday, extending its declining trend in the new week and has touched its lowest in last one month. The Asian currency were weak against dollar while the euro too has declined further ahead of a crucial vote by the Greek parliament on whether to back austerity reforms. Though local equity markets have continued their bull run and might support the rupee in recovery in latter trade.
The partially convertible Rupee is trading at 45.09, weaker by 11 paise from its previous close of 44.98/99 on Friday. It has touched a high and low of 44.9600 and 44.9250 respectively. The Reserve Bank of India’s reference rate for the Dollar stood at 44.94 and for Euro it stood at 64.09 on June 24, 2011. While, the RBI's reference rate for the Yen stood at 55.83 and the reference rate for the Great Britain Pound (GBP) stood at 71.8928. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 24, 2011 | 44.94 | 71.8928 |
| June 23, 2011 | 44.93 | 72.0879 |
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