Indian rupee weakened against the US dollar on Tuesday, despite positive trend at domestic equity market following encouraging domestic macroeconomic data. Data showed the domestic industrial production recorded a positive growth of 1% in December while retail inflation cooled to a 16-month low of 4.06% in January. Although, sustained foreign fund inflows, Covid-19 vaccination progress and subdued American currency overseas have supported rupee sentiment and capped its fall. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,234.15 crore, while Domestic Institutional Investors (DIIs) sold shares worth of Rs 1,048.55 crore in the Indian equity market on Monday, exchange data showed.
The partially convertible currency is currently trading at 72.72, weaker by 4 paise from its previous close of 72.68 on Monday. The currency touched a high and low of 72.7400 and 72.6375 respectively. The reference rate for the dollar stood at 72.79, and for Euro stood 88.28 on February 12, 2021. While the reference rate for the Yen stood at 69.44, the reference rate for the Great Britain Pound (GBP) stood at 100.44.
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.
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.
MoneyWorks4Me ensures this through: