SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee turns tad strong against dollar in early deal on Thursday

02 Jul 2015 Evaluate

Indian rupee strengthened marginally against dollar, continuing its winning streak for the third straight day in early deal on Thursday. Higher opening in the domestic equity markets too supported rupee. However, increased demand for the dollar from importers capped some gains of the local currency. On the global front, the dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of US data that could back expectations for the Federal Reserve to lift interest rates sooner rather than later.

The partially convertible currency is currently trading at 63.57, stronger by 3 paise from its previous close of 63.60 on Wednesday. The currency touched a high and low of 63.6625 and 63.5525 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.62 and for Euro stood at 70.76 on July 1, 2015. While, the RBI’s reference rate for the Yen stood at 51.85, the reference rate for the Great Britain Pound (GBP) stood at 99.8934. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
July 01, 201563.622399.8934
June 30, 201563.7549100.1207

(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:

×