SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Indian rupee ends stronger against dollar

26 Aug 2022 Evaluate

Indian rupee ended stronger against dollar on Friday due to fresh selling of the American currency by banks and exporters. Sentiments were upbeat as Services Export Promotion Council (SEPC) said that implementation of the proposed India-UK free trade agreement will help to boost the country's services exports, particularly from legal, accounting and auditing sectors. Traders got some support after the Reserve Bank of India (RBI) in its latest report on ‘the private corporate sector performance’ has showed that the manufacturing sector recorded impressive sales growth of 41.6 per cent (y-o-y) in Q1 FY23, aided by both volume and price effects along with broad based demand expansion across industries. On the global front, dollar dipped against other major currencies on Friday, ahead of U.S. Federal Reserve Chair Jerome Powell's widely-anticipated speech at the Jackson Hole symposium.

Finally, the rupee ended at 79.84 (Provisional), stronger by 8 paisa from its previous close of 79.92 on Thursday. The currency touched a high and low of 79.94 and 79.81 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:

×