India’s rupee fell the most in a week after data showed the current-account deficit widened in the quarter through June and also as mounting concern over the impact of Europe’s debt crisis on the global economic growth sapped the demand for emerging-market assets. India's current account deficit widened to $14.1 billion in the June quarter, compared with $12 billion in the same period a year ago. Beside these factors, abysmal performance of the local equity markets coupled with that of the regional counterparts have also spooked the mood of the Indian currency. Meanwhile, the euro sank to an eight-month low against the dollar on Monday after the Greek government said the debt-ridden country will miss a deficit target set just months ago in a massive bailout package.
The partially convertible currency is currently trading at 49.44, weaker by 48 paise from its previous close of 48.96 on Thursday. It touched a high and low of 49.55 and 49.37 respectively. The Reserve Bank of India's reference rate for the dollar stood at 48.92 and for Euro it stood at 66.44 on September 29, 2011. While, the RBI's reference rate for the Yen stood at 63.90 and the reference rate for the Great Britain Pound (GBP) stood at 76.5192. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 29, 2011 | 48.92 | 76.5192 |
| September 28, 2011 | 48.91 | 76.5326 |
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