The Indian rupee extended its fall on Monday tracking the weakness in the Asian peers and the Euro against the dollar. The domestic currency looked under pressure from the very beginning as the euro fell against the dollar, ahead of this week's decision by the Greek parliament on whether to back austerity reforms or not. Though there was some recovery in the rupee in the second half on the back of firm local equity markets but it could not manage a close of gain.
Finally the Rupee ended at 45.04, weaker by 6 piase from its previous close of 44.98/99 on Friday. It touched a high and low of 45.1400 and 45.0225 respectively. The Reserve Bank of India's reference rate for the Dollar stood at 45.10 and for Euro it stood at 63.75 on June 27, 2011. While, the RBI's reference rate for the Yen stood at 55.87 and the reference rate for the Great Britain Pound (GBP) stood at 71.8781. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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