Indian rupee weakened against dollar in early deals on Monday, despite dollar’s weakness against other currencies overseas and a higher opening in the domestic stock market. On the global front, the dollar edged down on Monday but remained well off recent lows as markets started the week on a calmer note and investors turned their attention to upcoming central bank meetings.
The partially convertible currency is currently trading at 67.64, little changed from its previous close of 67.63 on Friday. The currency touched a high and low of 67.6650 and 67.53 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.74 and for Euro stood at 73.40 on January 22, 2016. While the RBI’s reference rate for the Yen stood at 57.38, the reference rate for the Great Britain Pound (GBP) stood at 96.4461. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 22, 2016 | 67.7480 | 96.4461 |
| January 21, 2016 | 68.06 | 96.5567 |
(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: