SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens on fresh selling of American currency by exporters, banks

16 May 2018 Evaluate

Indian rupee strengthened against US dollar on Wednesday on account of fresh selling of the American currency by exporters and banks. However, dollar’s strength against other currencies overseas, as a surge in the benchmark 10-year Treasury yield above 3 percent reignited a rally that had lost steam last week, capped the rupee’s gains.

The partially convertible currency is currently trading at 67.82, stronger by 28 paise from its previous close of 68.10 on Tuesday. The currency touched a high and low of 68.1325 and 67.7500 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.52 and for Euro stood at 80.52 on May 15, 2018. While the RBI’s reference rate for the Yen stood at 61.44, the reference rate for the Great Britain Pound (GBP) stood at 91.48. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
May 15, 201867.528891.4880
May 14, 201867.315391.2459

(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: