A mobile radio frequency identification (mRFID) reader having a receiving circuit is provided. The receiving circuit includes a local oscillator which generates a carrier signal at a predetermined frequency band; a mixer which mixes a tag signal received from a tag with the carrier signal, to lower a frequency of the tag signal; a phase adjusting block which adjusts a phase of the carrier signal by determining a phase of the tag signal; and a control block which processes the tag signal through a series of operations, and controls an operation of the phase adjusting block to compensate for a phase delay of the tag signal according to an output of the processed tag signal. Because the mRFID reader can be provided as small as a half size of a related art reader, a mobile communication terminal accommodating the mRFID reader can be compact-sized. Additionally, because the number of components for the receiving circuit decreases, not only the power consumption but also the unit price can be reduced.