SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends with strong gains on persistent dollar selling

28 Feb 2019 Evaluate

Breaking two-day downtrend, Indian rupee ended significantly higher against dollar on Thursday, on persistent selling of the American currency by exporters. Trades took encouragement with private report indicating that private equity (PE) investments in India witnessed a 36 per cent growth to $1,325 million despite fall in volume on account of increased follow-on investments last month as compared to a year ago. Some optimism also spread among the investors with a report that with inflation likely to remain under 4 percent till October, the Reserve Bank may cut rates to the tune of 75-100 basis points in the next financial year. The report also includes the 25 basis points reduction in the February policy. Headline CPI inflation is likely to remain below 4 per cent until October and averages at 3.8 percent in FY20. Besides, weakness of dollar in the overseas market helped the domestic currency rebound. On the global front, dollar ended lower against its rivals on Thursday, as the closely followed U.S.-North Korea summit in Hanoi ended without an agreement.

Finally, the rupee ended at 70.72, 52 paise stronger from its previous close of 71.24 on Wednesday. The currency touched a high and low of 71.24 and 70.70 respectively. The reference rate for the dollar stood at 71.19 and for Euro stood at 80.97 on February 28, 2019. While the reference rate for the Yen stood at 64.24, the reference rate for the Great Britain Pound (GBP) stood at 94.70.

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:

×