SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee trades flat against US dollar on Tuesday

20 Oct 2020 Evaluate

Indian rupee was trading flat against the US dollar on Tuesday on account of surging corona virus cases in some major parts of the world, while firm domestic equities and foreign fund inflows supported domestic currency. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,656.78 crore on a net basis on Monday, exchange data showed. Uncertainty related to the US fiscal stimulus and presidential elections continue to put pressure on rupee.

The partially convertible currency is currently trading flat at its previous close of 73.37 on Monday. The currency touched a high and low of 73.3775 and 73.3300 respectively. The reference rate for the dollar stood at 73.38 and for Euro stood 85.84 on October 16, 2020. While the reference rate for the Yen stood at 69.70, the reference rate for the Great Britain Pound (GBP) stood at 94.56.   

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:

×