SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee appreciates against dollar amid increased foreign fund inflows

25 Feb 2013 Evaluate

Following a lower opening, Indian rupee gained subsequently against US dollar in the late morning session, amid increased foreign fund inflows. Dollar selling by some exporters and banks helped local unit to recover from negative territory. Meanwhile, currency participants were expecting some measures to increase foreign institutional investor’s inflows, in the upcoming Union Budget on February 28, which might potentially boost the rupee. Euro’s gains against the US dollar in the overseas market also supported domestic currency to an extent. However, month-end demand for greenback from importers exerted downward pressure on rupee.

The partially convertible currency is currently trading at 54.08, stronger by 9 paise from its previous close of 54.17 on Friday. The currency touched a high and low of 54.22 and 54.06 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 54.43 and for Euro it stood at Rs 71.9061 on February 22, 2013. While, the RBI’s reference rate for the Yen stood at 58.34, the reference rate for the Great Britain Pound (GBP) stood at 83.2026. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date

1US$

1GBP

February 22, 2013

54.43 83.2026

February 21, 2013

54.48

82.7143

(RBI-reference rate)

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:

×