SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Wednesday

11 Nov 2020 Evaluate

Indian rupee weakened against the US dollar on Wednesday, despite weak American currency overseas due to hopes for quick global economic recovery from the pandemic-driven crisis after American pharmaceutical giant Pfizer had said its experimental Covid-19 vaccine is more than 90 percent effective based on initial trial results boosted risk appetite in global markets. Though, constant foreign fund inflows capped some weakness in domestic currency. Foreign institutional investors bought shares worth Rs 5,627.32 crore on Tuesday, exchange data showed.

The partially convertible currency is currently trading at 74.25, weaker by 7 paise from its previous close of 74.18 on Tuesday. The currency touched a high and low of 74.29 and 74.18 respectively. The reference rate for the dollar stood at 73.92 and for Euro stood 87.88 on November 09, 2020. While the reference rate for the Yen stood at 71.41, the reference rate for the Great Britain Pound (GBP) stood at 97.40.

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: