SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Thursday

13 Feb 2020 Evaluate

Indian rupee weakened against the US dollar on Thursday, weighed down by weak domestic equities following a disappointing macroeconomic data. Data showed that India's retail inflation jumped to a 68-month high of 7.59 percent in January, while industrial output contracted by 0.3 percent in December against a growth of 1.8 percent in November. Although, weakening of the American currency supported the rupee and restricted its down move. Foreign Institutional Investors (FIIs) bought shares worth Rs 48.81 crore on Wednesday, exchange data showed. On the global front, the safe-haven yen gained against the US dollar after China's Hubei province reported a sharp jump in the number of new cases under a new diagnostic method. The Chinese province of Hubei, the epicentre of a coronavirus outbreak, reported 14,840 fresh cases of the virus as of February 12, up from 1,638 new cases on Tuesday, with the number of deaths in the province rising by a daily record of 242 to 1,310.

The partially convertible currency is currently trading at 71.48, weaker by 14 paise from its previous close of 71.34 on Wednesday. The currency touched a high and low of 71.4950 and 71.3500 respectively. The reference rate for the dollar stood at 71.22 and for Euro stood at 77.70 on February 11, 2020. While the reference rate for the Yen stood at 64.80, the reference rate for the Great Britain Pound (GBP) stood at 92.00.

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:

×