Following previous session’s spurt, Indian rupee continued its northward journey after touching three weeks high against American currency on Friday amid dollar selling by banks. Investors were waiting for details of the July-September gross domestic product (GDP) data set to be released later in the day. Meanwhile, euro trading below a one-month high against the dollar as the market worried about the prospects for a budget deal seen as essential to preventing the US economy from slipping back into recession next year.
The partially convertible currency is currently trading at 54.52, stronger by 33 paise from its previous close of 54.85 on Thursday. The currency touched a high and low of 54.55 and 54.35 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 55.34 and for Euro it stood at Rs 71.36 on November 23, 2012. While, the RBI’s reference rate for the Yen stood at 67.24 the reference rate for the Great Britain Pound (GBP) stood at 88.2966. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
November 29, 2012 | 55.34 | 88.2966 |
November 27, 2012 | 55.70 | 89.3444 |
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: