In line with global peers, Indian rupee depreciated against dollar as American currency gained in the global markets. Local equity markets weakness and increased month-end demand for dollar from importers also pressurized rupee to an extent. Meanwhile, euro trading lower against the dollar on Wednesday as worries about Spain's debt persisted and weak German business data fanned fears of slowing growth.
The partially convertible currency is currently trading at 53.55, weaker by 18 paise from its previous close of 53.37 on Tuesday. The currency, so far, has touched a high and low of 53.62 and 53.47 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 53.53 and for Euro it stood at Rs 69.0295 on September 25, 2012. While, the RBI’s reference rate for the Yen stood at 68.86, the reference rate for the Great Britain Pound (GBP) stood at 86.8214. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
September 25, 2012 | 53.53 | 86.8214 |
September 24, 2012 | 53.29 | 86.4359 |
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: