Indian rupee strengthened against dollar in morning deals on Tuesday, as exporters and banks stepped up dollar sale amid higher opening in the domestic equity market. Besides, weakness in the dollar against some other currencies overseas too supported the rupee. On the global front, the dollar and yen steadied and sterling crawled away from a 31-year low on Tuesday as risk aversion triggered by the shock of Brexit eased slightly, although many investors were still wary of calling a bottom for the battered pound.
The partially convertible currency is currently trading at 67.89, stronger by 5 paise from its previous close of 67.94 on Monday. The currency touched a high and low of 67.89 and 67.72 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.90 and for Euro stood at 74.88 on June 27, 2016. While the RBI’s reference rate for the Yen stood at 66.69, the reference rate for the Great Britain Pound (GBP) stood at 90.9113. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 27, 2016 | 67.90 | 90.9113 |
| June 24, 2016 | 68.0144 | 92.9553 |
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: