SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee trades weak ahead of September CPI data

13 Oct 2014 Evaluate

Indian rupee, after making a weak start, continues to trade downbeat against dollar on Monday, tailing massive losses of local equities after Index of industrial production (IIP) rose 0.4% in August, substantially below expectation, from a year ago, with both capital goods and consumer goods logging negative growth. Notably, the weakness of Indian currency was well ahead of release of September Consumer Price Inflation (CPI), which probably eased for a second straight month. However, strength of other Asian currencies against dollar was keeping the losses of local unit in check. On the global front, dollar fell to a one-month low against the yen on Monday, as heightened worries about the health of the global economy continued to shore up the safe-haven Japanese currency.

The partially convertible currency is currently trading at 61.23, weaker by 9 paise from its previous close of 61.14 on Friday. The currency touched a high and low of 61.30 and 61.18 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.16 and for Euro stood at 77.67 on October 10, 2014. While, the RBI’s reference rate for the Yen stood at 56.74, the reference rate for the Great Britain Pound (GBP) stood at 98.6244. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
October 10, 201461.16 98.6244
October 09, 201461.03 98.6355
(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: