SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Wednesday

27 Jul 2022 Evaluate
Indian rupee weakened against the US dollar on Wednesday tracking the strength of the American currency in the overseas market. Moreover, foreign fund outflows in the capital market, firm crude oil prices, and month-end importers’ demand for the US dollar also weighed on the domestic currency. Foreign Institutional Investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 1,548.29 crore on Tuesday, exchange data showed. Meanwhile, the US Federal Reserve is widely expected to hike interest rates by another 75 basis points at the conclusion of its policy meeting on Wednesday.

The partially convertible currency is currently trading at 79.89, weaker by 11 paise from its previous close of 79.78 on Tuesday. The currency touched a high and low of 79.9050 and 79.83 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:

×