SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends strong on Fed’s dovish comments

19 Jun 2014 Evaluate

Indian rupee, after making a good start, went on capturing ground and ended strong on Thursday on the back of strength of other Asian currencies against dollar on Thursday after U.S. Federal Reserve signalled that interest rates will stay low for a while yet. Nevertheless, Indian currency retreated from day’s low level tailing the minor recovery of local equities and also dollar demand from oil marketing companies. On the global front, U.S. dollar wallowed at its lowest in nearly two weeks against a basket of major currencies early on Thursday, having beat a hasty retreat after the Federal Reserve signalled that interest rates would stay low for a while yet.

Finally, the rupee ended at 60.09, stronger by 31 paise from its previous close of 60.40 on Wednesday. The currency touched a high and low of 60.18 and 59.86 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.12 and for Euro stood at 81.43 on June 18, 2014. While, the RBI’s reference rate for the Yen stood at 58.81, the reference rate for the Great Britain Pound (GBP) stood at 102.0004. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

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:

×