SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee strengthens against US dollar on Wednesday

05 Apr 2023 Evaluate
Indian rupee strengthened against the US dollar on Wednesday due to weak US dollar overseas and foreign fund inflows into capital market. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Monday as they purchased shares worth Rs 321.93 crore, exchange data showed. Moreover, expectations of end of US Fed rate hike cycle following weak set of economic data in the United States, also supported rupee sentiments. Forex markets were closed yesterday for Mahavir Jayanti. Although, investors are awaiting RBI's monetary policy decision with expectations that the central bank might go for a 25 bps increases in benchmark interest rate.

The partially convertible currency is currently trading at 82.13, stronger by 19 paise from its previous close of 82.32 on Monday. The currency touched a high and low of 82.15 and 82.05 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:

×