India’s rupee rose past 50 a dollar for the first time since November as the central bank left borrowing costs unchanged today to support economic growth. The Reserve Bank of India kept its benchmark rate at 8.50% and cut the cash- reserve ratio for banks to 5.5% from 6%. However positive rally in the local shared supported rupee but persistent dollar demand from oil importers limited local currency’s gains. Meanwhile, the euro descended from a three-week peak against the dollar in Asia on Tuesday after euro zone finance ministers rejected an offer by private creditors to restructure Greek debt, keeping alive fears of a default.
The partially convertible rupee is currently trading at 50.02, stronger by 3 paise from its previous close of 50.05 on Monday. It has touched a high and a low of 50.0950 and 49.9550 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 50.24 and for Euro it stood at 64.78 on January 23, 2012. While, the RBI's reference rate for the Yen stood at 65.24 and the reference rate for the Great Britain Pound (GBP) stood at 78.1286. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 23, 2012 | 50.24 | 78.1286 |
| January 20, 2012 | 50.33 | 77.9694 |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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The Alchemists Ark Pvt. Ltd. |
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Non-Individual |
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1187 |
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