SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens on dollar's weakness against some currencies in global market

28 Nov 2017 Evaluate

Indian rupee strengthened against the US dollar on Tuesday on dollar's weakness against some currencies in the global market. However, month-end demand for the American unit from importers and banks limited the rupee's gains. On the global front, Sterling briefly hit an eight-week high on Monday before gains were checked as investors consolidated bets ahead of a key EU summit and against the backdrop of a brewing political crisis in Ireland.

The partially convertible currency is currently trading at 64.41, stronger by 9 paise from its previous close of 64.50 on Monday. The currency touched a high and low of 64.6075 and 64.3550 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.69 and for Euro stood at 77.14 on November 27, 2017. While the RBI's reference rate for the Yen stood at 58.10, the reference rate for the Great Britain Pound (GBP) stood at 86.16. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
November 27, 201764.694886.1605
November 24, 201764.732886.0364
(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:

×