Following a negative start and a subsequent retreat, Indian rupee continued trading marginally higher against dollar in the late morning session on Friday. Fresh selling of the US currency by exporters and positive local equity markets supported the local unit to an extent. Investors were expecting strong foreign fund inflows due to the government bond auction today, which can improve domestic currency’s move. Meanwhile, euro’s gains against the American currency in the overseas market also helped rupee to hold gains.
The partially convertible currency is currently trading at 54.46, stronger by 2 paise from its previous close of 54.48 on Thursday. The currency touched a high and low of 54.54 and 54.37 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 54.48 and for Euro it stood at Rs 72.23 on February 21, 2013. While, the RBI’s reference rate for the Yen stood at 58.33, the reference rate for the Great Britain Pound (GBP) stood at 82.7143. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
February 21, 2013 | 54.48 | 82.7143 |
February 20, 2013 | 54.05 | 83.4493 |
(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: