SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens on buying in American currency by banks, importers

27 Dec 2017 Evaluate

Indian rupee weakened against US dollar on Wednesday on account of buying in American currency by banks and importers. Rupee fell further on the dollar’s firmness against a few global currencies, but the strength in domestic equities capped some losses. On the global front, the dollar eased against a basket of currencies on Wednesday, while commodity-linked currencies such as the Canadian dollar were underpinned by this week’s rally in oil prices.

The partially convertible currency is currently trading at 64.14, weaker by 6 paise from its previous close of 64.08 on Tuesday. The currency touched a high and low of 64.1800 and 64.0700 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.05 and for Euro stood at 76.02 on December 26, 2017. While the RBI's reference rate for the Yen stood at 56.53, the reference rate for the Great Britain Pound (GBP) stood at 85.67. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
December 26, 2017 64.053885.6720
December 22, 201764.040985.6739

(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:

×