SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on Wednesday

22 Apr 2020 Evaluate

Indian rupee strengthened against the US dollar on Wednesday tracking firm domestic equities, even as weak cues from global markets on the back of sharp losses in the oil markets weighed on overall market sentiment. Meanwhile, economic uncertainties due to the fast-spreading corona virus pandemic in the country still pressurizing domestic currency. Foreign institutional investors (FIIs) sold shares worth Rs 2,095.23 crore on Tuesday, exchange data showed.

The partially convertible currency is currently trading at 76.75, stronger by 8 paise from its previous close of 76.83 on Tuesday. The currency touched a high and low of 76.8800 and 76.7300 respectively. The reference rate for the dollar stood at 76.63 and for Euro stood at 83.17 on April 20, 2020. While the reference rate for the Yen stood at 71.05, the reference rate for the Great Britain Pound (GBP) stood at 95.48.  

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:

×