SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against dollar in early deals on Wednesday

30 Dec 2015 Evaluate

Indian rupee weakened against dollar in early deals on Wednesday, as the greenback strengthened globally following a better-than-expected US consumer confidence data released overnight. Reports showed US consumer confidence climbed to 96.5 in December, up from November's upwardly revised 92.6, and beating expectations for an increase to 93.5. Further, increased month-end demand for the US currency from banks and importers, too weighed on domestic unit. However, Indian rupee has derived some support from falling oil prices and ensuing mitigation of India’s current account deficit. Meanwhile, RBI’s involvement in the Forex markets has provided overall stability.

The partially convertible currency is currently trading at 66.43, weaker by 4 paise from its previous close of 66.39 on Tuesday. The currency touched a high and low of 66.49 and 66.4050 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.37 and for Euro stood at 72.84 on December 29, 2015. While, the RBI’s reference rate for the Yen stood at 55.16 the reference rate for the Great Britain Pound (GBP) stood at 98.9112. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
December 29, 201566.3798.9112
December 28, 201566.1380 98.6911
(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:

×