SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends at all-time low against dollar

07 Oct 2022 Evaluate

Indian rupee closed at all-time low against dollar on Friday amid firm American currency, rising crude oil prices and negative trend in domestic equities. Sentiments were downbeat as World Bank in its latest report on ‘South Asia Economic Focus’ has downgraded India’s economic growth forecast to 6.5 per cent for the fiscal year 2022-23 (FY23), a drop of one per cent from its previous June 2022 projections, citing deteriorating international environment. Meanwhile, RBI issues concept paper on digital currency; says will soon launch pilot e-rupee for specific use cases soon. On the global front, dollar retreated on Friday, ahead of a key employment report later that could offer a litmus test of the strength of the U.S. economic recovery, but with the Federal Reserve's commitment to fighting inflation, strategists believe any weakness won't last.

Finally, the rupee ended at 82.30 (Provisional), weaker by 13 paisa from its previous close of 82.17 on Thursday. The currency touched a high and low of 82.43 and 82.18 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:

×