SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against dollar on sustained capital outflows

06 Sep 2017 Evaluate

Indian rupee weakened against the US dollar on Wednesday amid sustained capital outflows. Besides, increased demand for the American currency from importers and banks and losses in domestic equity markets too weighed on the rupee. On the global front, the dollar edged down against the yen on Wednesday, getting closer to a recent 4-1/2 month low, pressured by simmering tensions on the Korean peninsula and on comments by a Federal Reserve official about low US inflation.

The partially convertible currency is currently trading at 64.22, weaker by 9 paise from its previous close of 64.13 on Tuesday. The currency touched a high and low of 64.26 and 64.19 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.11 and for Euro stood at 76.29 on September 05, 2017. While the RBI’s reference rate for the Yen stood at 58.63, the reference rate for the Great Britain Pound (GBP) stood at 82.81. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
September 05, 201764.116482.8192
September 04, 201764.046882.9662

(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:

×