SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens on selling in American currency by banks, exporters

15 Mar 2019 Evaluate

Indian rupee strengthened against the US dollar on Friday on account of selling in American currency by banks and exporters. Rupee advanced further by robust foreign inflows ahead of general elections. Meanwhile, the RBI plans to conduct the dollar-rupee buy-sell swap auctions on March 26, and the dollar amount mobilised through this auction would also reflect in RBI’s foreign exchange reserves for the tenor. The step is to curb the volatility and major appreciation of the currency. On the global front, the dollar was broadly weaker after US data on Thursday underscored growing pressure on the US economy and kept the dollar in check.

The partially convertible currency is currently trading at 69.22, stronger by 12 paise from its previous close of 69.34 on Thursday. The currency touched a high and low of 69.3400 and 69.1000 respectively. The reference rate for the dollar stood at 69.66 and for Euro stood at 78.84 on March 14, 2019. While the reference rate for the Yen stood at 62.43, the reference rate for the Great Britain Pound (GBP) stood at 92.28.

Date1US$1GBP
March 14, 201969.665792.2880
March 13, 201969.622591.1535

(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:

×