SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Tuesday

24 May 2022 Evaluate

Indian rupee weakened against the US dollar on Tuesday, weighed down by a lackluster trend in the domestic equity markets following unabated foreign fund outflows and elevated crude oil prices. Foreign Institutional Investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 1,951.17 crore on Monday, exchange data showed. Meanwhile, RBI Governor Shaktikanta Das hinted yesterday that interest rates might go up again at the beginning of June to bring down high inflation which has remained above the tolerance level for the past four months. The next meeting of the RBI's Monetary Policy Committee is scheduled for June 6-8.

The partially convertible currency is currently trading at 77.62, weaker by 7 paise from its previous close of 77.55 on Monday. The currency touched a high and low of 77.65 and 77.5125 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:

×