The Indian rupee depreciated against American currency on uncertainties over foreign fund outflows as risk sentiment was hurt with Moody's warning it may cut its triple-A rating for France, Britain and Austria. Weak opening in the domestic equity markets also put pressure on the rupee. Meanwhile rupee position is expected to be influenced by January inflation data, as central bank will decide on interest rates on basis of the inflation numbers. However RBI is expected to support the rupee if it slides sharply.
The partially convertible currency is currently trading at 49.27, weaker by 6 paise from its previous close of 49.21 on Monday. It has touched a high and a low of 49.4200 and 49.2650 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 49.3189 and for Euro it stood at Rs 65.3520 on February 13, 2012. While, the RBI's reference rate for the Yen stood at 63.56 the reference rate for the Great Britain Pound (GBP) stood at 77.8435. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 13, 2012 | 49.3189 | 77.8435 |
| February 10, 2012 | 49.6445 | 78.3539 |
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