Indian Rupee after gaining strength in early deals is now trading steady on Thursday pressured by the shaky regional equities amidst demand for dollars from importers. Meanwhile, weakness of other Asian currencies is also weighing on the sentiment. Indian shares have edged lower in trade as investors were wary of building position ahead of the weekly food inflation data due to be announced later in the noon. On the global front, dollar too was trading lower against the basket of major currencies. Meanwhile, the euro stayed under pressure in Asia on Thursday, but the expectation is that any signal of an imminent interest rate hike from the European Central Bank could give the currency a fillip.
The partially convertible Rupee is currently trading steady at its previous close of 44.70 on Thursday. It has touched a high and low of 44.7025 and 44.6400 respectively. The Reserve Bank of India's reference rate for the US dollar stood at 44.61 and for Euro it stood at 65.47 on June 8, 2011. While, the RBI's reference rate for the Yen stood at 55.79 and the reference rate for the Great Britain Pound (GBP) stood at 73.2786. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 08,2011 | 44.61 | 73.2786 |
| June 07,2011 | 44.74 | 73.2528 |
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