SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee depreciates against dollar

08 Oct 2012 Evaluate

Tracking local equity markets weakness, Indian rupee depreciated against dollar as US currency gained following better-than-expected US jobs data. Increase in dollar demand from importers and weakness in Asian currencies against dollar also pressurized local unit. Meanwhile, dollar advanced modestly against most rivals ahead of a meeting of euro-zone finance ministers set for later in the global trading day.

The partially convertible currency is currently trading at 52.22, weaker by 34 paise from its previous close of 51.88 on Friday. The currency, so far, has touched a high and low of 52.23 and 52.10 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 51.61 and for Euro it stood at Rs 67.1735 on October 5, 2012. While, the RBI’s reference rate for the Yen stood at 65.83 the reference rate for the Great Britain Pound (GBP) stood at 83.5704. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP

October 5, 2012

51.6183.5704

October 4, 2012

51.97 83.6754
(RBI-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:

×