Indian rupee, after posting its biggest single-day fall in six-and-half months in previous session, was trading bit strong on Thursday on fresh selling of dollars by banks and exporters in view of dollar's losses versus major currencies. However, Indian currency has given up some of its gains since early deals tailing the massive losses of local equities. Nevertheless, overall sentiment remains to be positive after the Cabinet cleared the long-delayed proposal for raising FDI limit in defence to 49 per cent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment. On the global front, euro held steady above a nine-month low on Thursday ahead of a policy review by the European Central Bank, while the Aussie dollar tumbled after surprisingly weak Australian jobs data.
The partially convertible currency is currently trading at 61.45, stronger by 5 paise from its previous close of 61.50 on Wednesday. The currency touched a high and low of 61.49 and 61.25 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.33 and for Euro stood at 81.96 on August 06, 2014. While, the RBI’s reference rate for the Yen stood at 59.80, the reference rate for the Great Britain Pound (GBP) stood at 103.4370. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 06, 2014 | 61.33 | 103.4370 |
| August 05, 2014 | 60.86 | 102.6738 |
(RBI-Reference Rate)
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: