SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens as dollar strengthens against its rivals overseas

17 Jun 2021 Evaluate

Indian rupee weakened against the US dollar on Thursday as the American currency strengthening in the overseas market after the US Fed’s hawkish statement on US monetary policy. While, the Fed hiked its interest-rate outlook in 2023 to 0.6% from previous projections of 0.1% in March, signalling two rate hikes before 2023 end as economy recovers. Further, selling seen in the domestic equity market too adding some pressure on rupee. Moreover, Foreign Institutional Investors (FIIs) offloaded shares worth Rs 870.29 crore, exchange data showed.

The partially convertible currency is currently trading at 73.73, weaker by 41 paise from its previous close of 73.32 on Wednesday. The currency touched a high and low of 73.7900 and 73.5700 respectively. The reference rate for the dollar stood at 72.97, and for Euro stood 88.90 on June 9, 2021. While the reference rate for the 100 Yen stood at 66.69, the reference rate for the Great Britain Pound (GBP) stood at 103.38.



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:

×