SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on firm domestic equities

21 Jul 2020 Evaluate

Indian rupee strengthened against the US dollar on Tuesday tracking firm domestic equities amid hopes of corona virus vaccine. A corona virus vaccine being developed by the University of Oxford appears safe and induces a strong immune response within the body, scientists announced after the first phase of human trials. Further, foreign fund inflows too supported the recovery in the domestic currency. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,709.97 crore on Monday, exchange data showed. Meanwhile, Health ministry data showed the death toll in India due corona virus rose to 28,084 and the number of infections has touched 1,155,191. The number of cases around the world has crossed 1.47 crore with the death toll topped at 6.09 lakh.

The partially convertible currency is currently trading at 74.76, stronger by 15 paise from its previous close of 74.91 on Monday. The currency touched a high and low of 74.8250 and 74.7325 respectively. The reference rate for the dollar stood at 75.10 and for Euro stood at 85.49 on July 17, 2020. While the reference rate for the Yen stood at 70.06, the reference rate for the Great Britain Pound (GBP) stood at 94.25.

 

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:

×