Aided by dollar inflows, Indian rupee is trading stronger on Monday despite choppy local equity shares. However, uptick in dollar demand from oil importer to meet their month-end payment requirement may prevent a sharper rise in the local unit. On the global front, the euro was wobbly on Monday after Athens and its private creditors failed to agree on a debt swap deal that is vital to avert a chaotic default for Greece. Private creditors said on Sunday they had come to the limits of what losses they could concede in a Greek debt swap, putting the ball in the court of the European Union and the IMF.
The partially convertible rupee is currently trading at 50.24, stronger by 11 paise from its previous close of 50.35 on Friday. It has touched a high and a low of 50.39 and 50.14 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 50.3288 and for Euro it stood at 65.3070 on January 20, 2012. While, the RBI's reference rate for the Yen stood at 65.27 and the reference rate for the Great Britain Pound (GBP) stood at 77.9694. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 20, 2012 | 50.3288 | 77.9694 |
| January 19, 2012 | 50.2890 | 77.6010 |
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: