SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee settles considerably stronger against dollar

05 Apr 2022 Evaluate

Continuing previous session gains, Indian rupee ended substantially stronger on fresh selling of American currency by banks and exporters. Investors took support with Finance Minister Nirmala Sitaraman’s statement that Foreign Direct Investment (FDI) staying in the country and creating jobs and prospects, and not the outflow of Foreign Institute Investors (FIIs) and Foreign Portfolio Investors (FPIs), should be assessed to measure robustness of the Indian economy. She added that India continues to remain the highest receiver of the FDI. Traders shrugged off Ministry of Commerce and Industry’s latest data where India's trade deficit rose 87.5 per cent to $192.41 billion in 2021-22 as against $102.63 billion in the previous year. The trade deficit in March 2022 was $18.69 billion. It showed that while total exports during last fiscal year increased to a record high of $417.81 billion, imports too soared to $610.22 billion, leaving a trade gap of $192.41 billion. On the global front, sterling strengthened marginally against the euro on Tuesday, clinging to gains made on Monday while pulling away from a three-month low hit last week.

Finally, the rupee ended at 75.29 (Provisional), stronger by 24 paise from its previous close of 75.53 on Monday. The currency touched a high and low of 75.54 and 75.27 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:

×