Indian rupee weakened against US dollar on Thursday, weighed down by the strength of the American currency at overseas market. Moreover, rising bets of an interest rate hike by the US Federal Reserve and uncertainty over the lifting of the US debt ceiling have also kept rupee under pressure. However, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Wednesday as they bought shares worth Rs 149.33 crore, exchange data showed.
The partially convertible currency is currently trading at 82.48, weaker by 11 paise from its previous close of 82.37 on Wednesday. The currency touched a high and low of 82.4850 and 82.35 respectively.
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.
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.
MoneyWorks4Me ensures this through: