SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends stronger against dollar on Tuesday

24 Nov 2015 Evaluate

Snapping its two-days losing streak, Indian rupee bounced back against dollar on Tuesday on continued dollar selling by banks and exporters amid gains in the Asian currencies market. The domestic currency looked strong from the very beginning, but the weak trade in the local equity market capped some rupee gains. Investors got some encouragement with finance minister Arun Jaitley’s statement that the problem of non-performing assets will improve within a ‘reasonable time’ on account of the recent measures taken by the Reserve Bank of India and the government. On the global front, dollar hovered near an 8-month peak against a basket of currencies on Tuesday, one expectations that the U.S. Federal Reserve is on course to raise interest rates in December.

Finally, the rupee ended at 66.32, 16 paise stronger from its previous close of 66.48 on Monday. The currency touched a high and low of 66.46 and 66.31 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.38 and for Euro stood at 70.55 on November 24, 2015. While, the RBI’s reference rate for the Yen stood at 54.10 the reference rate for the Great Britain Pound (GBP) stood at 100.4523. 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:

×