SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends weaker against dollar

22 Dec 2020 Evaluate

Tumbling for second straight session, Rupee ended weaker against dollar on Tuesday amid cautiousness on renewed fears of a highly infectious new strain of COVID-19. Traders took note of private report that rupee is probably end calendar year 2020 as the worst performing currency in Asia, even underperforming minor South Asian currencies such as the Pakistani rupee and Sri Lankan rupee. However, downfall remained capped as economic think-tank NCAER, in its mid-year review of the Indian economy, has said that India's Gross Domestic Product (GDP) growth is likely to turn positive at 0.1 per cent in the October-December (Q3) quarter, after witnessing a contraction in the first half of the current financial year. On the global front; euro and the pound were on the defensive against the dollar on Tuesday as a new coronavirus strain spread across Britain, closing key trade routes and creating a supply-chain nightmare while time was running out to strike a post Brexit trade deal.

Finally, the rupee ended at 73.84, 5 paise weaker from its previous close of 73.79 on Monday. The currency touched a high and low of 73.95 and 73.82 respectively. The reference rate for the dollar stood at 73.64, and for Euro stood 89.75 on December 21, 2020. While the reference rate for the Yen stood at 71.19, the reference rate for the Great Britain Pound (GBP) stood at 98.34.

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:

×