SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee concludes stronger on sustained dollar sales

01 Oct 2015 Evaluate

Indian rupee appreciated against dollar on Thursday on account of sustained selling of the American currency by exporters and banks amid increased foreign funds inflows. Besides, positive local equity markets also supported the rupee sentiment. However, the dollar’s strength against other currencies overseas capped the gains. On the global front, the dollar edged higher against the basket of major currencies overseas, as investors awaited the release of U.S. economic reports later in the day amid growing uncertainty over a possible U.S. rate hike before the end of the year.

Finally, the rupee ended at 65.51, 7 paise stronger from its previous close of 65.58 on Wednesday. The currency touched a high and low of 65.67 and 65.49 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.55 and for Euro stood at 73.07 on October 1, 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 99.1701. 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:

×