SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee gains ground after weak start on Friday

16 Jan 2015 Evaluate

Indian rupee, after making weak start, recouped a lot of ground and was trading strong against dollar on dollar sales by corporates and exporters amidst sustained capital inflows. The currency made a weak start as investors flee from emerging markets assets after the Swiss National Bank (SNB) unexpectedly abandoned its minimum exchange rate versus the euro currency, which in turn boosted the demand for safe haven currency. Nevertheless, positive sentiment witnessed after surprise rate cut from RBI prevailed for the currency despite subdued trend of local equities. On the global front, euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week.

The partially convertible currency is currently trading at 61.90, stronger by 16 paise from its previous close of 62.06 on Thursday. The currency touched a high and low of 62.20 and 61.86 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.75 and for Euro stood at 72.63 on January 15, 2015. While, the RBI’s reference rate for the Yen stood at 52.40, the reference rate for the Great Britain Pound (GBP) stood at 94.0154. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
January 15, 201561.75 94.0154
January 14, 201562.1594.2426

(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:

×