SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

06 Nov 2018 Evaluate

Indian rupee strengthened against the US dollar on Tuesday on account of increased selling of American currency by banks and exporters. Further, the dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee. On the global front, the dollar stuck to tight ranges against its major rivals on Tuesday as investors’ favoured caution ahead of US midterm elections later in the day.

The partially convertible currency is currently trading at 73.00, stronger by 12 paise from its previous close of 73.12 on Monday. The currency touched a high and low of 73.0650 and 72.9075 respectively. The reference rate for the dollar stood at 73.07 and for Euro stood at 83.25 on November 5, 2018. While the reference rate for the Yen stood at 64.50, the reference rate for the Great Britain Pound (GBP) stood at 94.98. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
November 05, 201873.074094.9845
November 02, 201872.879894.7530

(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:

×