Indian rupee weakened against US dollar on Monday following weakness in the domestic equities, while strengthening American currency in the overseas market and heightened geopolitical tensions also dampened sentiments. Moreover, concerns over fresh foreign capital outflows also affected rupee's movement. Foreign institutional investors (FIIs) were remained net sellers in the capital market on Friday as they sold shares worth Rs 1,507.37 crore, exchange data showed. On the global front, the euro traded near a 21-month low as the war in Ukraine likely to weigh on European growth while the Federal Reserve lines up interest rate hikes.
The partially convertible currency is currently trading at 76.28, weaker by 4 paise from its previous close of 76.24 on Friday. The currency touched a high and low of 76.3800 and 76.2775 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: