The Indian rupee fell against American currency on Thursday, on the back of dollar's gains against other currency. Weak opening in the stock market amid foreign fund outflows also put pressure on the rupee. Investors were doubtful on whether the latest meeting of Greek political leaders will finally result in reforms to help the country avoid a messy default. However, euro dipped in early Asian trade after Greek political parties concluded marathon negotiations with the issue of pension cuts left unresolved.
The partially convertible currency is currently trading at 49.31, weaker by 14 paise from its previous close of 49.17 on Wednesday. It has touched a high and a low of 49.4250 and 49.2300 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 49.0683 and for Euro it stood at 65.1526 on February 8, 2012. While, the RBI's reference rate for the Yen stood at 63.65 the reference rate for the Great Britain Pound (GBP) stood at 78.0873. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 8, 2012 | 49.0683 | 78.0873 |
| February 7, 2012 | 48.9150 | 77.3053 |
(RBI-Reference Rate)
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