Rupee drops 0.79% to 40.77/USD

The Indian Rupee dropped 0.79% against the US Dollar on Mar. 17, 2008.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 40.77 on Mar. 17, 2008, as against Rs 40.45 on previous day i.e. Mar. 14, 2008.

Similarly, the domestic currency depreciates 2.03% versus the Euro on the same day. The reference rate for Euro stood at Rs 64.48 on Mar. 17, 2008, as against Rs 63.20 on Mar. 14, 2008.

As revealed in the table below, the local currency gains 0.18% against the Great Britain Pound (GBP), but weakened 3.92% against the Japanese Yen (taking into account 100 Yen).

Date	Currency
	1 GBP	100 YEN
March 14, 2008	82.2551	40.32
March 17, 2008	82.1047	41.90

Source: RBI