SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends little change against dollar on Monday

31 Jul 2017 Evaluate

Indian rupee ended marginally weaker against the US dollar on Monday, following fresh demand for the US currency from banks and importers to meet the month end dollar demand. Traders maintained cautious approach ahead of the Reserve Bank of India's bi-monthly policy on August 02. However, the dollar’s slide overseas amid concerns over renewed show of strength on the Korean Peninsula and a strong domestic equity market restricted the rupee's losses. On the global front, dollar held near a 13-month low against a basket of currencies on Monday, weighed down by political uncertainty and increased short positions, but markets were wary of pushing it lower before data due later this week.

Finally, the rupee ended at 64.19, 4 paise weaker from its previous close of 64.15 on Friday. The currency touched a high and low of 64.25 and 64.04 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.07 and for Euro stood at 75.22 on July 31, 2017. While the RBI’s reference rate for the Yen stood at 57.98, the reference rate for the Great Britain Pound (GBP) stood at 84.15. 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:

×