SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens on dollar selling by banks and exporters

18 Sep 2017 Evaluate

Indian rupee strengthened against the US dollar on Monday on account of dollar selling by banks and exporters. Further, the dollar’s slide against some currencies overseas ahead of the Federal Reserve’s meet beginning tomorrow and strong domestic equities supported the rupee uptrend. On the global front, the dollar held firm near a seven-week high versus the yen on Monday, supported by recent rises in US yields, while sterling took a breather after surging last week on growing expectations that the Bank of England could raise interest rates soon.

The partially convertible currency is currently trading at 64.02, stronger by 6 paise from its previous close of 64.08 on Friday. The currency touched a high and low of 64.0650 and 63.9950 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.07 and for Euro stood at 76.39 on September 15, 2017. While the RBI's reference rate for the Yen stood at 57.92, the reference rate for the Great Britain Pound (GBP) stood at 86.12. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
September 15, 201764.077486.1200
September 14, 201764.069284.6867

(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:

×