Indian rupee weakened to its lowest level in more than a week on Thursday despite positive local shares, as purchases of dollar by some state-owned banks amidst caution over prolonged Greek bailout deal ahead of the European Central Bank's rate decision later in the day, weighed on the sentiment. However, the euro hit two-month highs against the dollar and yen as hopes that Greece would clinch a bailout deal encouraged investors to unwind bearish positions.
Finally the rupee ended at 49.51, weaker by 34 paise from its previous close of 49.17 on Wednesday. It has touched a high and a low of 49.52 and 49.23 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 49.2895 and for Euro it stood at 65.5895 on February 9, 2012. While, the RBI's reference rate for the Yen stood at 63.86 the reference rate for the Great Britain Pound (GBP) stood at 78.0992. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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