Indian rupee was trading little changed on Friday, as month-end dollar demand from banks and oil refiners amidst jitters on account of closure of central bank's special FX swap windows that garnered over $25 billion by November end kept the gains in check. However, the sentiment did not further deteriorate after exchange and regulatory data underscored that domestic institutional investors (DIIs), snapping twelve day long selling streak, bought shares worth Rs 330 crore on Thursday. Meanwhile, gains of positive local equities on hopes that Q2 GDP data would throw up positive surprise also restricted losses to some extent. In the global market, while most of the Asian counterparts were trading firm, euro rose to a five-year high against the yen on Friday, as the Japanese currency faced heavy pressure on expectations it will be used as the funding currency of choice for carry trades given Japan's commitment to easy monetary policy.
The partially convertible currency is currently trading at 62.36, little changed from its previous close of 62. 41 on Thursday. The currency has touched a high and low of 62.41 and 62.20 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.38 and for Euro stood at 84.75 on November 28, 2013. While, the RBI’s reference rate for the Yen stood at 61.10, the reference rate for the Great Britain Pound (GBP) stood at 101.8011. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 28, 2013 | 62.38 | 101.8011 |
| November 27, 2013 | 62.36 | 101.1083 |
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: