SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens on sustained month-end demand for dollar

31 Aug 2015 Evaluate

Indian rupee weakened against dollar in early deals on Monday on sustained month-end demand for the American currency overseas. The local currency weakened further ahead of key gross domestic product (GDP) data for the June quarter due to be announced later in the day and on a lower opening of the domestic equity market. Though, dollar’s weakness against other currencies capped the losses. On the global front, the dollar began the week under pressure on Monday, on track for monthly losses but off recent lows as investors kept alive hope that US jobs data later this week would give the US Federal Reserve reason to raise interest rates as early as next month.

The partially convertible currency is currently trading at 66.34, weaker by 18 paise from its previous close of 66.16 on Friday. The currency touched a high and low of 66.37 and 66.2025 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.08 and for Euro stood at 74.36 on August 28, 2015. While, the RBI’s reference rate for the Yen stood at 54.54, the reference rate for the Great Britain Pound (GBP) stood at 101.9230. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$GBP
August 28, 2015 66.0808101.9230
August 27, 201566.0605102.3475

(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:

×