SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee depreciates against greenback

05 Apr 2021 Evaluate

Indian rupee ended weaker against dollar on Monday with fresh dollar demand by banks and importers. Sentiments remained down-beat as Reserve Bank of India (RBI) data showed that the country's foreign exchange reserves declined by $2.986 billion to reach $579.285 billion in the week ended March 26. In the previous week ended March 19, the forex kitty had increased by $233 million to $582.271 billion. Traders were also worried as India's manufacturing sector activities lost further growth momentum and fell to a seven-month low in March as demand was constrained by the escalation of the COVID-19 pandemic. Hefty selloff in domestic equity markets amid concerns over the pace of national economic recovery after the daily surging coronavirus infections also impacted investors’ mood. On the global front, US dollar has been strengthening against most leading currencies worldwide over rising hopes that the US economy could post a faster than expected recovery from the coronavirus crisis.

Finally, the rupee ended 73.30, weaker by 18 paise from its previous close of 73.12 on Wednesday. The currency touched a high and low of 73.45 and 73.28 respectively.

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:

×