SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against dollar on Thursday

23 Mar 2023 Evaluate

Indian rupee strengthened against the dollar on Thursday, tracking the weakness of the American currency in the overseas market. Sentiments were upbeat as National Stock Exchange's provisional data showed foreign institutional investors (FII) have turn net buyers for first time in last 10 straight sessions, buying shares worth Rs 61.72 crore on March 22. Besides, the Reserve Bank of India (RBI) in its latest monthly bulletin showed that transmission of repo rate to banks’ deposit and lending rates seems to be better in an interest rate easing cycle than in the monetary tightening period. On the global front, sterling rose to a seven-week high against the dollar on Thursday ahead of a Bank of England meeting, with the central bank expected to rise interest rates once again in a bid to try to tame surging inflation.

Finally, the rupee ended at 82.27 (Provisional), stronger by 32 paise from its previous close of 82.59 on Tuesday. The currency touched a high and low of 82.41 and 82.08 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:

×