Indian rupee has made a strong start on Tuesday, bouncing back from their sharp fall in previous session. The gains in the regional peers and euro have supported the rupee. The local share markets too are showing sign of recovery and that boosted the domestic currency. There was some sign that euro-zone members will come together to prevent Greece from defaulting on its debt.
The partially convertible Rupee is trading stronger at 44.95/96, up by 5 piase from its previous close of 45.00/01 on Monday. It has touched a high and low of 44.9600 and 44.9250 respectively. The Reserve Bank of India's reference rate for the Dollar stood at 44.99 and for Euro it stood at 64.01 on June 20, 2011. While, the RBI's reference rate for the Yen stood at 56.11 and the reference rate for the Great Britain Pound (GBP) stood at 72.5981. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 20, 2011 | 44.99 | 72.5981 |
| June 17, 2011 | 44.93 | 72.4272 |
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: