SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends higher against dollar on Friday

31 Mar 2023 Evaluate

Indian rupee settled higher against dollar on last day of the Financial Year 2022-2023 as foreign capital inflows and a rally in domestic stocks bolstered investor sentiment. Sentiments also got a boost as the World Bank said India’s potential growth could benefit from accelerated implementation of an already ambitious reform agenda. Adding more optimism, Commerce and Industry Minister Piyush Goyal said India was in the ‘bright spot’ amid a series of economic challenges faced by many countries. Besides, a lack of major negative developments regarding the banking industry built the confidence among the investors. On the global front, sterling eased versus the dollar on Friday as a murky economic outlook overshadowed data showing Britain's economy avoided a recession in the final months of 2022.

Finally, the rupee ended at 82.17 (Provisional), stronger by 17 paise from its previous close of 82.34 on Wednesday. The currency touched a high and low of 82.26 and 82.09 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:

×