SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on firm domestic equities

26 Apr 2021 Evaluate

Indian rupee strengthened against the US dollar on Monday, tracking firm trend in the domestic equity market even as the country continued to report over 3 lakh Covid-19 cases. Further, weakness in the US dollar against key rival currencies ahead of the meeting of the US Federal Reserve this week also supported the rupee sentiment. Meanwhile, investors will also eye US Federal Reserve Chairman Jerome Powell's comments after the Fed meeting. However, sustained foreign fund outflows in the Indian markets capped the rupee’s upward movement. Foreign Institutional Investors (FIIs) sold shares worth Rs 1,360.76 crore, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1,695.59 crore on Friday, exchange data showed.

The partially convertible currency is currently trading at 74.73, stronger by 28 paise from its previous close of 75.01 on Friday. The currency touched a high and low of 74.8800 and 74.7300 respectively. The reference rate for the dollar stood at 74.56, and for Euro stood 89.19 on April 16, 2021. While the reference rate for the 100 Yen stood at 68.49, the reference rate for the Great Britain Pound (GBP) stood at 102.44.

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:

×