SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Wednesday

17 Feb 2021 Evaluate

Indian rupee weakened against the US dollar on Wednesday amid strengthening of American currency against its major peers overseas as optimism over global economic recovery and a possible acceleration in inflation drove US bond yields up. Besides, muted trend in the domestic equity market and dollar demand from importers also weighed on the rupee. Though, a sustained foreign fund inflow into the market has triggering support to the rupee and capped its fall. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,144.09 crore, while Domestic Institutional Investors (DIIs) sold shares worth of Rs 1,559.53 crore in the Indian equity market on Tuesday, exchange data showed.

The partially convertible currency is currently trading at 72.83, weaker by 14 paise from its previous close of 72.69 on Tuesday. The currency touched a high and low of 72.9200 and 72.8200 respectively. The reference rate for the dollar stood at 72.59, and for Euro stood 88.12 on February 15, 2021. While the reference rate for the Yen stood at 69.07, the reference rate for the Great Britain Pound (GBP) stood at 100.88.

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:

×