SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens marginally against US dollar on Wednesday

04 May 2022 Evaluate

Indian rupee weakened marginally against the US dollar on Wednesday ahead of the Fed meeting tonight and oil prices remained above the critical price level of $100 as traders are keeping a close eye on the European Union which is likely to ban Russian crude. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 1,853.46 crore, exchange data showed. However, anticipation of foreign fund inflows from the LIC IPO capped further weakness in rupee. The forex market was closed on Tuesday on account of Id-Ul-Fitr.

The partially convertible currency is currently trading at 76.56, weaker by 8 paise from its previous close of 76.48 on Monday. The currency touched a high and low of 76.5600 and 76.4000 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:

×