SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Wednesday

29 Sep 2021 Evaluate

Indian rupee weakened against the US dollar on Wednesday, tracking weakness in domestic as well as global equities, while foreign fund outflows from the capital markets too weighed on rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1957.70 crore on Tuesday, exchange data showed. On the global front, the US dollar traded near its highest levels of the year tracking the rise in Treasury yields following investor nervousness after the US Federal Reserve hinted it may soon taper its asset purchasing program.

The partially convertible currency is currently trading at 74.13, weaker by 7 paise from its previous close of 74.06 on Tuesday. The currency touched a high and low of 74.1900 and 74.1250 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:

×