SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on Wednesday

09 Nov 2022 Evaluate
Indian rupee strengthened against the US dollar on Wednesday as the US currency steadied ahead of the outcome of the US midterm election results as well as crucial US inflation data. Moreover, sustained foreign fund inflows supported rupee sentiments. Foreign Institutional Investors (FIIs) were net buyers in the capital markets as they purchased shares worth Rs 1,948.51 crore on Monday, exchange data showed. However, Chinese officials reiterated their commitment to a strict covid containment approach in the face of surging infected cases in China, capped further gains in rupee. Meanwhile, the forex market was closed yesterday on account of Gurunanak Jayanti.

The partially convertible currency is currently trading at 81.54, stronger by 38 paise from its previous close of 81.92 on Monday. The currency touched a high and low of 81.62 and 81.4250 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:

×