SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee weakens against US dollar on Friday

16 Sep 2022 Evaluate
Indian rupee weakened against the US dollar on Friday amid negative trend in domestic equities following foreign fund outflows, while firm crude oil prices also weighed on rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,270.68 crore on Thursday, exchange data showed. Moreover, a strong American currency overseas adding more pressure on domestic currency. Meanwhile, investors are awaiting Fed meeting next week, where another 75-basis-point rise is widely expected to tame the rising pressure.

The partially convertible currency is currently trading at 79.83, weaker by 12 paise from its previous close of 79.71 on Thursday. The currency touched a high and low of 79.8450 and 79.7975 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:

×