SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends lower against dollar on Monday

03 Apr 2023 Evaluate

Indian rupee ended lower against the US dollar on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments. Traders ignored finance ministry’s statement that Goods and Services Tax (GST) collection grew 13 per cent in March 2023 to Rs 1.60 lakh crore over the same month last year. It is the second highest mop-up since the rollout of the indirect tax regime. In April 2022, GST collection had touched a record high of Rs 1.68 lakh crore. Besides, India's manufacturing sector activity improved in the month of March, as growth of factory orders and production quickened to the strongest in three months. With pressure on supply chains subsiding and raw material availability improving, input cost inflation retreated to its second-lowest mark in two-and-a-half years. On the global front, dollar trimmed its initial gains against major pairs in the course of Monday as investors focus on diverging central bank policy, with the impact of oil production cuts complicating the inflation outlook.

Finally, the rupee ended at 82.31 (Provisional), weaker by 10 paise from its previous close of 82.21 on Friday. The currency touched a high and low of 82.46 and 82.30 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:

×