Indian Rupee is trading firm for the second consecutive session following gains in euro and other currencies against the US dollar. Asian stocks and the euro firmed up as US and European economic data boosted global shares and commodities. Also, hopes for improved growth outlook increased in spite of worries over the euro zone debt crisis. Though, the rupee pulled back from the highs touched in early trade on Wednesday amid choppy domestic shares and dollar demand from oil importers weighed.
The partially convertible currency is currently trading at 53.13, stronger by 10 paise from its previous close of 53.23 on Tuesday. It has touched a high and a low of 53.2000 and 53.1000 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 53.2288 and for Euro it stood at 69.1265 on January 3, 2012. While, the RBI's reference rate for the Yen stood at 69.35 and the reference rate for the Great Britain Pound (GBP) stood at 82.8666. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 03, 2012 | 53.23 | 82.87 |
| January 02, 2012 | 53.30 | 82.66 |
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: