Indian rupee weakened against the US dollar on Tuesday amid sustained foreign fund outflows. Further, fresh demand for the American currency from importers and dollar's recovery against some currencies overseas too weighed on the rupee. On the global front, the dollar slipped against the Japanese yen and Swiss franc on Tuesday, as global tensions simmered amid signs that North Korea could conduct more missile tests.
The partially convertible currency is currently trading at 64.15, weaker by 10 paise from its previous close of 64.05 on Monday. The currency touched a high and low of 64.1800 and 64.0850 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.04 and for Euro stood at 76.15 on September 04, 2017. While the RBI’s reference rate for the Yen stood at 58.51, the reference rate for the Great Britain Pound (GBP) stood at 82.96. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 04, 2017 | 64.0468 | 82.9662 |
| September 01, 2017 | 63.9804 | 82.6627 |
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: