SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Thursday

15 Sep 2022 Evaluate
Indian rupee weakened against US dollar on Thursday, driven by firm American currency at overseas markets along with expectations of big interest rate hikes from the US Federal Reserve. Meanwhile, India's trade deficit widened to $27.98 billion in August due to increased crude oil imports, data released by the commerce and industry ministry showed on Wednesday. Moreover, weakness in domestic equities and foreign fund outflows also dampened market sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital markets, as they offloaded shares worth Rs 1,397.51 crore on Wednesday, exchange data showed. 

The partially convertible currency is currently trading at 79.56, weaker by 4 paise from its previous close of 79.52 on Wednesday. The currency touched a high and low of 79.57 and 79.44 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:

×