Indian rupee strengthened against the US dollar on Friday tracking firm domestic equities, despite unabated foreign fund outflows in the capital market. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 4,899.92 crore on Thursday, exchange data showed. Further, fall in American currency at overseas markets due to rising recession fears also supported rupee sentiments.
The partially convertible currency is currently trading at 77.52, stronger by 4 paise from its previous close of 77.56 on Thursday. The currency touched a high and low of 77.5450 and 77.4950 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: