Indian rupee weakened against the US dollar on Monday due to foreign capital outflows. Besides, sustained demand for the American currency from importers and the dollar’s strength against other currencies overseas, weighed on the domestic unit. Rupee fell further on firm crude prices and a more hawkish tone of the Reserve Bank. Meanwhile, benchmark equity indices opened in the green following mixed global cues. On the global front, the dollar traded near a two-week high against a basket of major currencies on Monday, bolstered by rising US bond yields, while easing concerns over global political risks weighed on the safe haven yen.
The partially convertible currency is currently trading at 66.22, weaker by 10 paise from its previous close of 66.12 on Friday. The currency touched a high and low of 66.2350 and 66.1450 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.01 and for Euro stood at 81.45 on April 20, 2018. While the RBI’s reference rate for the Yen stood at 61.40, the reference rate for the Great Britain Pound (GBP) stood at 92.72. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 20, 2018 | 66.0167 | 92.7271 |
| April 19, 2018 | 65.7837 | 93.4194 |
(RBI-Reference Rate)
Start Research-backed Investing ...Now. Subscribe to Sapphire
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: