Rupee weakens

The Indian Rupee dropped 0.43% against the US Dollar on Feb. 6, 2008.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.60 on February 6, as against Rs 39.43 on the previous day i.e. Feb. 5, 2008.

However, the domestic currency gained 0.63% versus the Euro on the same day. The reference rate for Euro stood at Rs 58.04 on Feb 6, 2008, as against Rs 58.41 on Feb 5, 2008.

As revealed in the table below, the local currency dropped 0.15% against the Great Britain Pound (GBP), and 0.87% against the Japanese Yen (taking into account 100 Yen).

Date	Currency
	1 GBP	100 YEN
February 5, 2008	77.7461	36.90
February 6, 2008	77.8595	37.22

Source: RBI

Note: The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate will be based on this rate. The exchange rates of GBP and Japanese Yen against the Rupee are based on the reference rate for US Dollar and middle rates of the cross currency quotes at 12 noon today.