Indian rupee strengthened against dollar in early deals on Monday on increased selling of the US currency by exporters and banks. Besides, the dollar's weakness against some currencies overseas and a higher opening of the domestic equity market too supported the rupee. RBI’s involvement in the Forex markets has provided lot of stability to the Indian rupee. Forex market remained closed on Thursday and Friday on account of Id-e-Milad and Christmas, respectively. On the global front, the dollar held above a two-month low against the yen in early Asian trade on Monday, supported by downbeat Japanese economic data and clinging to its recent ranges in holiday-thinned trading.
The partially convertible currency is currently trading at 66.12, stronger by 9 paise from its previous close of 66.21 on Wednesday. The currency touched a high and low of 66.1650 and 66.0950 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.20 and for Euro stood at 72.41 on December 23, 2015. While, the RBI’s reference rate for the Yen stood at 54.74 the reference rate for the Great Britain Pound (GBP) stood at 98.2967. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 23, 2015 | 66.2020 | 98.2967 |
| December 22, 2015 | 66.2985 | 98.7052 |
(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: