Supported by firm local equity markets, Indian rupee appreciated against dollar on Friday, extending gains for the second successive session. Euro’s firmness on the hopes that European Central Bank will take all steps needed to protect the euro zone supported local currency to an extent. However, fresh capital inflows added further gains to the rupee. Meanwhile, month-end dollar demand from the oil importers is limiting the domestic units’ gains.
The partially convertible currency is currently trading at 55.44, stronger by 8 paise from its previous close of 55.52 on Thursday. It has touched a high and low of 55.58 and 55.40 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 55.94 and for Euro it stood at Rs 67.95 on July 26, 2012. While, the RBI’s reference rate for the Yen stood at 71.56, the reference rate for the Great Britain Pound (GBP) stood at 86.5572. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
July 26, 2012 | 55.94 | 86.5572 |
July 25, 2012 | 56.37 | 87.4440 |
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: