SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Tuesday

22 Jun 2021 Evaluate

Indian rupee weakened marginally against the US dollar on Tuesday despite rising domestic equities. While, global investors eyeing to testimony from US Federal Reserve chair Jerome Powell for guidance, after a surprise shift in the central bank’s policy outlook. Further, surging crude oil prices, strengthening American currency and foreign fund outflows have weighed down rupee sentiments. Foreign Institutional Investors (FII) offloaded shares worth Rs 1,244.71 crore, exchange data showed.

The partially convertible currency is currently trading at 74.12, weaker by 2 paise from its previous close of 74.10 on Monday. The currency touched a high and low of 74.2000 and 74.0500 respectively. The reference rate for the dollar stood at 73.18, and for Euro stood 88.54 on June 14, 2021. While the reference rate for the 100 Yen stood at 66.7, the reference rate for the Great Britain Pound (GBP) stood at 103.23.

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:

×