SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar despite sustained sell-offs in domestic equities

20 Dec 2021 Evaluate

Indian rupee strengthened against US dollar on Monday, even as sustained sell-offs in domestic equities followed by surge in global Omicron COVID-19 cases dampened market sentiments. However, rising inflation and hawkish stance by central banks prompting outflows of overseas investment from emerging economies. Foreign Institutional Investors (FIIs) continued to offload shares in the capital market on Friday, as they sold equities worth Rs 2,069.90 crore, exchange data showed. On the global front, the US dollar hovered near the highest since July of last year against its major peers after US central bank official signalled a first pandemic-era interest rate hike could come as early as March.

The partially convertible currency is currently trading at 75.99, stronger by 7 paise from its previous close of 76.06 on Friday. The currency touched a high and low of 76.1600 and 75.9900 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:

×