SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee ends higher against dollar on Monday

24 Apr 2023 Evaluate

Indian rupee ended higher against dollar on Monday, as a firm trend in domestic equities and easing crude oil price boosted investors' sentiment. Traders got encouragement as India’s forex reserves rose by $1.657 billion to $586.412 billion as of April 14, marking their second consecutive week of increase. Meanwhile, Foreign portfolio investors (FPIs) have infused Rs 8,643 crore in the Indian equity markets so far in April on the reasonable valuation of stocks. FPIs infused a net sum of Rs 7,936 crore in equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. On the global front, the british pound was little changed against the dollar on Monday, trading in close proximity to a 10-month high hit earlier this month as markets expect the Bank of England to continue tightening policy to bring down inflation. 

Finally, the rupee ended at 81.91 (Provisional), stronger by 15 paise from its previous close of 82.06 on Friday. The currency touched a high and low of 82.09 and 81.88 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:

×