SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee appreciates to one week high level on corporate dollar sales

28 Apr 2014 Evaluate

Indian rupee, extending their last sessions’ gains, appreciated to one week high level on Monday on dollar selling by large infrastructure Development Company. The currency after getting a flat start gained substantial ground despite month end dollar demand. Nevertheless, negative local equities capped the further upside of Indian currency. On the global front, dollar got off to a quiet start on Monday following a few days of directionless trading with investors unlikely to take aggressive positions ahead of major events in the United States and the euro zone

The partially convertible currency is currently trading at 60.48, stronger by 14 paise from its previous close of 60.62 on Friday. The currency touched a high and low of 60.76 and 60.43 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.11 and for Euro stood at 84.52 on April 25, 2014. While, the RBI’s reference rate for the Yen stood at 59.73, the reference rate for the Great Britain Pound (GBP) stood at 102.7059. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
April 25, 201461.11102.7059
April 23, 201461.06 102.7657
(RBI-Reference Rate)

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: