SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian rupee weakens following the local equity

20 Jun 2011 Evaluate

Indian Rupee weakened on Monday plunging to its three week low on the back of negative local shares and a weak euro. The domestic currency made a flat start tracking the sluggishness in other Asian peers but as the local markets nose dived in morning trade on jittery caused by market talk of changes to tax treaty with Mauritius, the rupee followed the suit. Dollar demand from oil refiners too weighed on the sentiments. Meanwhile, the euro edged lower on Monday, as euro zone finance ministers postponed a final decision on extending the next tranche of Greek bailout funds to early July.

Finally the Rupee ended at 45.00/01, weaker by 14 piase from its previous close of 44.86/87 on Friday. It touched a high and low of 45.0550 and 44.8650 respectively. The Reserve Bank of India's reference rate for the Dollar stood at 44.99 and for Euro it stood at 64.01 on June 20, 2011. While, the RBI's reference rate for the Yen stood at 56.11 and the reference rate for the Great Britain Pound (GBP) stood at 72.5981. 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:

×