Indian rupee ended marginally weak in tandem with other Asian currencies on Thursday, tracking the negative local shares. However, rupee recovered most of its losses as the euro rose to a one-month high against the weak dollar on Thursday, boosted by expectations of a quick-fix solution to the Greek debt crisis. Meanwhile, the dollar hung near its lowest in roughly a month versus a currency basket after dismal economic data stoked fears that the US recovery will be slow, with more losses seen if Friday's payrolls figure is weak.
Finally the Rupee ended at 44.82/83 weaker by 2 paise from its previous close of 44.84/85 on Wednesday. It has touched a high and low of 44.97 and 44.82/83 respectively. The Reserve Bank of India's reference rate for the US dollar stood at 44.94 and for Euro it stood at 64.58 on June 2, 2011. While, the RBI's reference rate for the Yen stood at 55.47 and the reference rate for the Great Britain Pound (GBP) stood at 73.4612. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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