Indian rupee ended significantly higher against dollar on Tuesday, on persistent selling of the American currency by exporters. This was the second consecutive session when the rupee was traded higher against dollar. Sentiments were upbeat as bank credit grew by 5.33 per cent to Rs 108.89 lakh crore, and deposits rose 10.94 per cent to Rs 152.15 lakh crore in the fortnight ended April 9, 2021. In the fortnight ended April 10, 2020, bank advances stood at Rs 103.38 lakh crore and deposits were Rs 137.15 lakh crore. Besides, healthy gains in the domestic equity markets also added to the rupee. On the global front; sterling slipped against the dollar on Tuesday, but remained within the previous session's ranges and stabilised against the euro, still struggling to regain the momentum it had in the first quarter of 2021.
Finally, the rupee ended 74.66, stronger by 7 paise from its previous close of 74.73 on Monday. The currency touched a high and low of 74.73 and 74.51 respectively.
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: