SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee's rise against dollar continues for second straight day

30 Apr 2019 Evaluate

Continuing its upward momentum for the second day, Indian rupee ended significantly higher against dollar on Tuesday, amid easing crude prices and weakening of the greenback against some currencies overseas. Trades took encouragement with Union minister Suresh Prabhu’s statement that the country is working on district-based developmental model to achieve aggregate growth. He said if the national growth was at 6% and those of the districts was 4%, the aggregate growth would be 10%. Market participants paid no heed towards the India Meteorological Department’s (IMD) statement that pre-monsoon rainfall from March to April, a phenomenon critical to agriculture in some parts of the country, has recorded 27 per cent deficiency. On the global front, euro extended gains on Tuesday after first quarter growth numbers for the euro zone were stronger than expectations, dispersing some of the negativity surrounding the outlook for the single currency.

Finally, the rupee ended at 69.56, 46 paise stronger from its previous close of 70.02 on Friday. The currency touched a high and low of 69.90 and 69.52 respectively. The reference rate for the dollar stood at 69.83 and for Euro stood at 78.07 on April 30, 2019. While the reference rate for the Yen stood at 62.68, the reference rate for the Great Britain Pound (GBP) stood at 90.33.

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:

×