SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends almost flat against dollar on Friday

04 Oct 2019 Evaluate

Indian rupee ended almost flat against dollar on Friday, on account of buying in American currency by banks and importers. Traders remained wary as the Reserve Bank of India (RBI) reduced GDP growth forecast to 6.1 percent from its earlier estimate of 6.9 per cent in its fourth bi-monthly monetary policy meeting. Rupee was also weighed down on the back of sharp losses in the local equities. However, traders took some support with Niti Aayog CEO Amitabh Kant’s statement that there will be many more structural reforms by the government in the coming days to push economy to a high growth trajectory. On the global front, dollar steadied on Friday before monthly jobs figures, as weak manufacturing and services data this week raised concerns the US economy was losing momentum and could potentially under-cut the greenback's rally.

Finally, the rupee ended at 70.88, 1 paise weaker from its previous close of 70.87 on Thursday. The currency touched a high and low of 71.03 and 70.78 respectively. The reference rate for the dollar stood at 71.11 and for Euro stood at 77.89 on October 3, 2019. While the reference rate for the Yen stood at 66.39, the reference rate for the Great Britain Pound (GBP) stood at 87.41.

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:

×