Indian rupee strengthened against the US dollar on Thursday tracking firm domestic equities, even as sustained foreign fund outflows and surging corona-virus cases in the country adding some pressure on sentiment. Foreign Institutional Investors (FIIs) sold shares worth Rs 1,110.50 crore, while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 240.61 crore in the Indian equity market on Wednesday, exchange data showed. On the global front, US dollar consolidating ahead of a key US jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus.
The partially convertible currency is currently trading at 73.86, stronger by 5 paise from its previous close of 73.91 on Wednesday. The currency touched a high and low of 74.00 and 73.84 respectively. The reference rate for the dollar stood at 74.40, and for Euro stood 89.78 on April 28, 2021. While the reference rate for the 100 Yen stood at 68.28, the reference rate for the Great Britain Pound (GBP) stood at 103.26.
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: