SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee consolidates after big gains of last session

08 Oct 2014 Evaluate

Indian rupee, after a bull run in last session are consolidating on Wednesday and were trading flat after a mildly soft start, tailing losses in other regional currencies. There has been weakness in currencies across the globe after the International Monetary Fund (IMF) cut its outlook for global growth in 2015.According to it the world economy will grow 3.8% next year, compared with a July forecast of 4%. The cautiousness in the local equity markets too was weighing down the sentiments. On the global front, the dollar fell to a three week-low against the yen on Tuesday. However, the dollar index, which measures the US currency’s strength against major currencies, was trading up.

The partially convertible currency is currently trading at 61.42, flat at its previous close on Wednesday. The currency touched a high and low of 61.44 and 61.41 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.35 and for Euro stood at 77.46 on October 07, 2014. While, the RBI’s reference rate for the Yen stood at 56.50, the reference rate for the Great Britain Pound (GBP) stood at 98.7090. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
October 07, 201461.35 98.7090
October 01, 201461.75 100.0677
(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: