SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends substantially stronger against dollar

13 Sep 2022 Evaluate

Indian rupee ended substantially stronger on Tuesday on fresh selling of American currency by banks and exporters. Sentiments were upbeat as India's agricultural and processed food products exports rose by 30% to $9.6 billion during April-July this fiscal. Traders remain energized with Finance Minister Nirmala Sitharaman’s statement that many countries have evinced interest for bilateral trade in the rupee after the RBI announced a mechanism recently. Strong gains in domestic equity markets also provided support to the domestic currency. Meanwhile, Chief Economic Advisor V Anantha Nageswaran states that India is not defending the rupee and the Reserve Bank of India is taking necessary steps to ensure that the movement of the rupee is gradual and in line with market trends. On the global front, dollar eased further on Tuesday ahead of U.S. inflation data that could show some signs of softening.

Finally, the rupee ended at 79.17 (Provisional), stronger by 36 paisa from its previous close of 79.53 on Monday. The currency touched a high and low of 79.33 and 79.03 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:

×