SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens on fresh dollar selling

14 Oct 2015 Evaluate

Indian rupee strengthened against dollar in early deals on Wednesday on fresh selling of the US currency by exporters and banks. Besides, the dollar’s weakness against major world currencies also strengthened the rupee sentiment. But, weak domestic equity markets capped the rupee gains. On the global front, the US dollar wobbled near a 3 1/2-week low against a basket of currencies on Wednesday as further signs of weakness in China fanned expectations that the U.S. Federal Reserve will have to wait longer before any policy tightening.

The partially convertible currency is currently trading at 65.17, stronger by 2 paise from its previous close of 65.19 on Tuesday. The currency touched a high and low of 65.18 and 65.0550 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.02 and for Euro stood at 73.91 on October 13, 2015. While, the RBI’s reference rate for the Yen stood at 54.26 the reference rate for the Great Britain Pound (GBP) stood at 99.8860. The reference rates are based on 12 noon rates of a few select banks in Mumbai.  

Date 1US$1GBP
October 13, 201565.021599.8860
October 12, 2015 64.726099.2962

(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: