Indian rupee strengthened against the US dollar on Wednesday on account of increased selling of the US currency by exporters and banks amid weakness in the greenback against other currencies overseas. On the global front, major currencies marked time on Wednesday while the Chinese yuan recovered from 11-month lows, after efforts by authorities the previous day to calm financial markets which had been rattled by worries about trade wars.
The partially convertible currency is currently trading at 68.56, stronger by 4 paise from its previous close of 68.60 on Tuesday. The currency touched a high and low of 68.5850 and 68.4650 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.69 and for Euro stood at 80.02 on July 03, 2018. While the RBI’s reference rate for the Yen stood at 61.91, the reference rate for the Great Britain Pound (GBP) stood at 90.34. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 03, 2018 | 68.6935 | 90.3457 |
| July 02, 2018 | 68.6227 | 90.4310 |
(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: