SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends higher for second straight session

21 May 2021 Evaluate

Indian rupee ended significantly higher against dollar on Friday owing to dollar sale by exporters and banks and tracking an uptick in domestic share markets. This was the second consecutive session when the rupee was traded higher against greenback. Sentiments remained up-beat with report that the International Monetary Fund stands ready to strengthen its dialogue and scale-up its technical collaboration with India, observing that the human tragedy is a stark reminder that the pandemic continues to be a grave threat globally. On the global front; dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders' concerns about taper talk in Federal Reserve minutes faded, though a pullback in commodity prices and nervousness about virus outbreaks kept losses in check.

Finally, the rupee ended 72.83, stronger by 29 paise from its previous close of 73.12 on Thursday. The currency touched a high and low of 73.09 and 72.83 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:

×