SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends at fresh lifetime low against greenback

10 Oct 2022 Evaluate

Indian rupee ended at a fresh lifetime low against the US dollar on Monday due to elevated crude oil prices. Traders were concerned as the Reserve Bank of India's (RBI) weekly statistical supplement showed that India's foreign exchange reserves fell to $532.66 billion in the week through Sept. 30, their lowest level since July 2020. Traders failed to took support with Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal’s statement that India will perhaps emerge as the strongest major economy with 7 per cent growth rate in FY23, amid fears of the world slipping into recession. On the global front, Sterling slid versus the dollar on Monday after Friday's strong U.S. labour market data supported bets the Federal Reserve will keep raising rates aggressively.

Finally, the rupee ended at 82.40 (Provisional), weaker by 10 paisa from its previous close of 82.30 on Friday. The currency touched a high and low of 82.69 and 82.30 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:

×