SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee turns strong after making negative start

08 Feb 2018 Evaluate

Indian rupee was trading marginally stronger against US dollar after a negative start on Thursday. Earlier, the rupee weakened due to increased demand for the US currency from importers amid fresh foreign funds outflow. While, strong domestic equities tracking mostly higher Asian markets helping the rupee sentiment. On the global front, the dollar hovered above its recent lows against major rivals on Thursday, benefiting from the euro’s weakness and higher US yields but capped by concerns about recent equity market volatility.

The partially convertible currency is currently trading at 64.19, stronger by 9 paise from its previous close of 64.28 on Wednesday. The currency touched a high and low of 64.3850 and 64.1700 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.13 and for Euro stood at 79.43 on February 07, 2018. While the RBI's reference rate for the Yen stood at 58.71, the reference rate for the Great Britain Pound (GBP) stood at 89.49. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
February 07, 2018 64.137789.4977
February 06, 201864.272389.7177
(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: