Indian rupee has skid to a 6-month low on Thursday, dragged by strong dollar demand from oil importers amidst weak local shares. Meanwhile, a broadly advancing dollar overseas coupled with subdued regional peers also led the domestic unit lower. On the global front, the Swiss franc rose versus the euro on Thursday, ahead after the Swiss National Bank's latest steps to curb franc strength fell short of expectations, and as worries over the euro zone's debt crisis festered.
The partially convertible currency is currently trading at 45.59, weaker by 17 paise from its previous close of 45.42/43 on Thursday. It touched a high and low of 45.66 and 45.49 respectively. The Reserve Bank of India's reference rate for the dollar stood at 45.3695 and for Euro it stood at 65.3355 on August 17, 2011. While, the RBI's reference rate for the Yen stood at 59.17 and the reference rate for the Great Britain Pound (GBP) stood at 74.5580. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| ||||||||||
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: