SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends lower against dollar on Tuesday

21 Feb 2023 Evaluate

Indian Rupee ended lower against the US dollar on Tuesday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments. Traders got concerned after the labour ministry has said that retail inflation for farm and rural workers rose to 6.85 per cent and 6.88 per cent, respectively, in January 2023, mainly due to higher prices of certain food items. In January last year, the inflation numbers for farm and rural workers was at 5.49 per cent and 5.74 per cent, respectively. On the global front, rouble weakened on Tuesday despite increased demand for the currency ahead of month-end tax payments as President Vladimir Putin prepares to update Russia's political and military elite on the Ukraine conflict.

Finally, the rupee ended at 82.82 (Provisional), depreciate by 9 paise from its previous close of 82.73 on Monday. The currency touched a high and low of 82.83 and 82.73 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: