Indian rupee was trading almost flat against the US dollar on Thursday tracking weakness in the domestic equities amid fund outflows by foreign institutional investors. Data showed Foreign institutional investors remained net sellers in the capital market as they offloaded shares worth Rs 183.60 crore on Wednesday. Further, strong American currency overseas and elevated crude oil prices also dragged down the domestic currency. Meanwhile, investors are awaiting key global events including policy meetings by the Bank of England and the European Central Bank as well as US non-farm payrolls employment data.
The partially convertible currency is currently trading at 74.84, weaker by 1 paise from its previous close of 74.83 on Wednesday. The currency touched a high and low of 74.9150 and 74.7500 respectively.
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.
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.
MoneyWorks4Me ensures this through: