Indian rupee gained some more traction a day after posting its biggest one-day rise in more than two-and-a-half years on Friday as trader’s unwound long dollar positions in anticipation of a pick-up in foreign inflows. Positive local equities coupled with strong regional counterparts, have mainly boosted the demand of Indian currency. On the global front, the euro struggled to make much headway on Friday, consolidating this week's gains as traders stuck to the sidelines ahead of a crucial U.S. jobs report and event-packed week that could prove decisive for the currency bloc.
The partially convertible currency is currently trading at 51.31, stronger by 15 paise from its previous close of 51.46 on Thursday. It has touched a high and low of 51.85 and 51.31 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 51.65 and for Euro it stood at 69.5086 on December 1, 2011. While, the RBI's reference rate for the Yen stood at 66.50 and the reference rate for the Great Britain Pound (GBP) stood at 81.0575. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 1, 2011 | 51.65 | 81.0575 |
| November 30, 2011 | 52.16 | 81.2887 |
