SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on weak American currency

15 Jul 2021 Evaluate

Indian rupee strengthened against the US dollar on Thursday as the American currency retreated overseas from recent peaks after the Federal Reserve Chair Jerome Powell told Congress that the US economy was still a ways off from levels the central bank wanted to see before tapering its monetary support. However, foreign fund outflows and firm crude oil prices capped the appreciation of the domestic unit. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,303.95 crore on Wednesday, exchange data showed.

The partially convertible currency is currently trading at 74.51, stronger by 8 paise from its previous close of 74.59 on Wednesday. The currency touched a high and low of 74.5500 and 74.4700 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:

×