SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee falls to 2-year low on Wednesday

12 Aug 2015 Evaluate

Indian rupee weakened on Wednesday to a level last seen in September 2013, due to sustained demand for dollar from banks and importers following Yuan devaluation. Furthermore, a weak trade in the local equity markets also weighed on the sentiments of the domestic currency. Meanwhile, the government failed to pass goods and services tax (GST) bill in the monsoon session. On the global front, dollar fell against a basket of currencies, coming under pressure as Treasury yields dropped on doubts over whether the US Federal Reserve will raise interest rates in the wake of China’s devaluation of the Yuan for the second consecutive day.

Finally, the rupee ended at 64.77, 57 paise weaker from its previous close of 64.20 on Tuesday. The currency touched a high and low of 64.94 and 64.55 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.82 and for Euro stood at 71.82 on August 12, 2015. While, the RBI’s reference rate for the Yen stood at 51.91, the reference rate for the Great Britain Pound (GBP) stood at 101.0005. 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:

×