Indian rupee reversed all the early gains to end weak on Monday dragged by a weak euro, which offset the positive impetus offered by gains in local shares following a strong US non-farm payroll data. Dollar demand from local oil refiners and big companies also negated the positive sentiment. On the global front, euro took some hit on Monday as Greek coalition parties dithered on approving the terms for a new bailout with a deadline just hours away.
Finally the rupee ended at 49.05, weaker by 32 paise from its previous close of 48.73 on Friday. It has touched a high and a low of 49.13 and 48.61 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 48.6790 and for Euro it stood at 63.5678 on February 6, 2012. While, the RBI's reference rate for the Yen stood at 63.46 the reference rate for the Great Britain Pound (GBP) stood at 76.7522. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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