SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on Monday

13 Mar 2023 Evaluate
Indian rupee strengthened against the US dollar on Monday tracking firm domestic equity market despite Foreign Institutional Investors’ outflows. Foreign Institutional Investors were net sellers in the capital markets on Friday as they offloaded shares worth Rs 2,061.47 crore, exchange data showed. Moreover, weakness in the American currency against major currencies and expectations that the US Federal Reserve might take a less hawkish posture on interest rates, also supported rupee sentiments. Meanwhile, investors are closely monitoring the collapse of the Silicon Valley Bank in the United States.

The partially convertible currency is currently trading at 81.91, stronger by 15 paise from its previous close of 82.06 on Friday. The currency touched a high and low of 81.97 and 81.8750 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:

×