Indian rupee, after witnessing consolidation in previous trading session, was trading weak on Monday as lack of dollar supplies due to the U.S. market holiday hurt. Nevertheless, gains in the domestic share-market on prevailing optimism ahead of budget was preventing the currency from slipping below the psychological ‘60/$’ level. Additionally, losses were also limited after reports suggested of overseas investors pumping in a staggering $20.4 billion into the Indian market in the first half of the year. On the global front, dollar edged higher on Monday and touched its highest level in more than a week versus a basket of major currencies, staying on firm footing in the wake of last week's solid U.S. jobs data.
The partially convertible currency is currently trading at 59.92, weaker by 18 paise from its previous close of 59.74 on Friday. The currency touched a high and low of 59.93 and 59.81 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 59.79 and for Euro stood at 81.32 on July 04, 2014. While, the RBI’s reference rate for the Yen stood at 58.60, the reference rate for the Great Britain Pound (GBP) stood at 102.6601. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: