SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends almost flat with negative bias on Monday

04 Jul 2022 Evaluate

Indian rupee pared early losses and ended almost flat with negative bias against the US dollar on Monday. Initially, continued FIIs outflows weighted down on the domestic unit. Foreign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 2,324.74 crore, as per exchange data. The greenback's strength against a basket of currencies also impacted the rupee sentiments. However, the local unit got some backing with the Reserve Bank of India’s (RBI’s) statement that the country's foreign exchange reserves increased by $2.734 billion to $593.323 billion for the week ended June 24 on the back of a surge in the core currency assets. Meanwhile, asserting that Indian currency has performed relatively better than others against dollar, Finance Minister Nirmala Sitharaman said the government is watchful and mindful of the impact of falling rupee on the country's imports.

Finally, the rupee ended at 78.95 (provisional), weaker by 1 paisa from its previous close of 78.94 on Friday. The currency touched a high and low of 79.06 and 78.87 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:

×