SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee slips for second straight session

22 Jun 2022 Evaluate

Continuing its fall for the second day in a row, Indian rupee ended weaker against dollar on Wednesday, due to unabated foreign fund outflows and losses in the domestic equities. According to the stock exchange data, foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 2,701.21 crore on Tuesday. Traders remain concerned after private report stated that oil prices rose $2 per barrel on June 21, 2022 on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. A stronger greenback overseas also weighed on the rupee sentiment. On the global front, the safe haven dollar gained ground on most peers on Wednesday as investors turned nervous again about global growth prospects, while the yen hit a fresh 24-year low as elevated bond yields in the US and Europe contrasted with low Japanese interest rates.

Finally, the rupee ended at 78.32 (provisional), weaker by 19 paise from its previous close of 78.13 on Tuesday. The currency touched a high and low of 78.40 and 78.13 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:

×