SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens ahead of RBI's monetary policy review

30 Jul 2018 Evaluate

Indian rupee weakened against the US dollar on Monday ahead of RBI's monetary policy review beginning today. Further, fresh month-end demand of the US currency from importers too weighed on the domestic unit. On the global front, the dollar was steady against its peers on Monday, sticking to a tight range as market participants awaited key central bank meetings this week that could set the near-term course for currencies. Central banks in focus include the Bank of Japan, which ends a two-day meeting on Tuesday, and the Federal Reserve, which concludes its policy meeting on Wednesday. The Bank of England also makes a policy decision on Thursday.

The partially convertible currency is currently trading at 68.75, weaker by 9 paise from its previous close of 68.66 on Friday. The currency touched a high and low of 68.7950 and 68.6900 respectively. The reference rate for the dollar stood at 68.70 and for Euro stood at 79.98 on July 27, 2018. While the RBI’s reference rate for the Yen stood at 61.84, the reference rate for the Great Britain Pound (GBP) stood at 89.98. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

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: