SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends weaker for third straight session

18 May 2017 Evaluate

Extending weakness for the third day in a row, Indian rupee fell sharply against US dollar on Thursday as concern over US President Donald Trump spurred a sell-off in emerging market currencies. Investors failed to get solace with a senior UN economic official’s statement that the demonetisation policy is not expected to have a long term impact on domestic demand in India, which is projected to clock a 7.9 percent growth in fiscal 2018. The domestic currency started on a weak note and increased losses to end near intraday lows.  Losses in local equity market added to the pessimistic environment of the currency. Besides, dollar’s weakness against other currency overseas too failed to cast any impact on the rupee.

Finally, the rupee ended at 64.83, 68 paise weaker from its previous close of 64.15 on Wednesday. The currency touched a high and low of 64.90 and 64.32 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.34 and for Euro stood at 71.62 on May 18, 2017. While the RBI’s reference rate for the Yen stood at 57.80, the reference rate for the Great Britain Pound (GBP) stood at 83.30. 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:

×